Property Market Update: Melbourne, September 2021
Melbourne’s property market kept the ball rolling in September as the city’s dwelling values rose once more during t...
MARAYLYA, 2765 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 $1,745,000.
MARAYLYA now ranks at the 1026th 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 MARAYLYA are high, as opposed to average gains per annum over the past five years.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In MARAYLYA, homes and units usually stay on listing for an average of 107.6 days.
In 2016, 22 properties were sold in MARAYLYA during the past year, making it the 898th most active market in NSW based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||N/A||N/A|
|Median 3 years||N/A||N/A|
|Median 5 years||9.06%||N/A|
|10 years average annual||13.16%||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||107.6 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|