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8 MIN READProperty 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...
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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 $1,320,000.
The upward trend in home prices in FIG TREE POCKET, 4069 averaged 4.11% per annum over a 3-year period.
Average weekly rents on listings have reached the $715 mark, reflecting a 2.82% increase in returns based on the current median price in FIG TREE POCKET.
An average of 7.83 real estate transactions take place per month in FIG TREE POCKET which translates to 94 per annum.
94 properties were sold in FIG TREE POCKET in 2016, making it the 22nd most active market in QLD based on total real estate transactions.
FIG TREE POCKET, 4069 places 861st in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,320,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -0.75% | N/A |
| Median 12 month | 13.79% | N/A |
| Median 3 years | 12.34% | N/A |
| Median 5 years | 41.18% | N/A |
| 10 years average annual | 5.81% | N/A |
| Weekly media advert. rent | $715 | N/A |
| Time on Market | 88.5 days | N/A |
| Gross Rental Yield Percent | 2.82% | N/A |
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