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...
Property investors have seen a 7.07% gain in KARAMA based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains KARAMA, 812 saw average growth in the long term.
The NT suburb also 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 $412,500
Profits averaged 3.33% per annum over a 3-year period, due to an upward trend in home prices in KARAMA, 812.
This means, real estate investors could earn a rental income of $475 based on current median home prices for the suburb.
The gross rental yield in KARAMA, 812 is 5.99%.
An average of 3 real estate transactions take place per month in KARAMA which translates to 36 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||10%||N/A|
|Median 3 years||10%||N/A|
|Median 5 years||-17.5%||N/A|
|10 years average annual||-0.96%||N/A|
|Weekly media advert. rent||$475||N/A|
|Time on Market||55.5 days||N/A|
|Gross Rental Yield Percent||5.99%||N/A|