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...
A steady increase in median property prices over a five-year period in the suburb translates to a 3.68% capital gain.
The 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 $408,000.
Profits due to an upward trend in home prices there averaged 1.23% per annum over a 3-year period.
Home owners selling their properties and realtors in ARCHERFIELD usually have to wait an average of 0.0 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $380 mark, reflecting a 4.84% increase in returns based on the current median price in ARCHERFIELD.
ARCHERFIELD, 4108 places 205th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||N/A||N/A|
|Median 3 years||3.68%||N/A|
|Median 5 years||9.38%||N/A|
|10 years average annual||9.89%||N/A|
|Weekly media advert. rent||$380||N/A|
|Time on Market||0.0 days||N/A|
|Gross Rental Yield Percent||4.84%||N/A|