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...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $750,000.
The upward trend in home prices in EMU HEIGHTS, 2750 averaged 1.46% per annum over a 3-year period.
Average weekly rents on listings have reached the $450 mark, reflecting a 3.12% increase in returns based on the current median price in EMU HEIGHTS.
An average of 2.92 real estate transactions take place per month in EMU HEIGHTS which translates to 35 per annum.
35 properties were sold in EMU HEIGHTS in 2016, making it the 597th most active market in NSW based on total real estate transactions.
EMU HEIGHTS, 2750 places 757th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||11.11%||N/A|
|Median 3 years||4.38%||N/A|
|Median 5 years||23.97%||N/A|
|10 years average annual||6.76%||N/A|
|Weekly media advert. rent||$450||N/A|
|Time on Market||34.8 days||N/A|
|Gross Rental Yield Percent||3.12%||N/A|