Metro Melbourne Surpasses $1m Mark For The First Time
While it has lagged behind other capital cities in post-pandemic recovery, Melbourne has now cemented its resilience, re...
The suburb’s capital gain of 3.39% for the past year is higher than average compared to its 12.24% growth within a five-year period.
Also in GLEN ALPINE, the median home price is sitting at $853,000, and the average rent at $585, this suggests property owners could potentially earn a 3.57% increase in gross rental yield.
Property investors have seen a -0.23% drop in GLEN ALPINE based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 4.66% growth over a ten-year period. It ranks 1798th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||3.39%||N/A|
|Median 3 years||-2.07%||N/A|
|Median 5 years||12.24%||N/A|
|10 years average annual||4.66%||N/A|
|Weekly media advert. rent||$585||N/A|
|Time on Market||47.1 days||N/A|
|Gross Rental Yield Percent||3.57%||N/A|