$170m development to benefit Melbourne’s eastern suburbs
MaxCap Group has closed a $170 million senior debt deal for a development finance that will be used to deliver an exciting project in Melbou...
ABERDARE, 2325 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Investors saw the median home price rise to $340,000.
Profits due to an upward trend in home prices in the suburb averaged 7.88% per annum over a 3-year period.
ABERDARE now ranks at the 1063rd place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in ABERDARE are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $310 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In ABERDARE, homes and units usually stay on listing for an average of 109.9 days.
In 2016, 33 properties were sold in ABERDARE during the past year, making it the 595th most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $340,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -2.86% | N/A |
| Median 12 month | -7.36% | N/A |
| Median 3 years | 23.64% | N/A |
| Median 5 years | 36% | N/A |
| 10 years average annual | 4.65% | N/A |
| Weekly media advert. rent | $310 | N/A |
| Time on Market | 109.9 days | N/A |
| Gross Rental Yield Percent | 4.74% | N/A |
MaxCap Group has closed a $170 million senior debt deal for a development finance that will be used to deliver an exciting project in Melbou...
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