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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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Sunnybank HillsSunnybank Hills - SUBURB PROFILE REPORT
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The suburb’s capital gain of 8.59% for the past year is higher than average compared to its 5.06% growth within a five-year period.
Also in SUNNYBANK HILLS, the median home price is sitting at $695,000, and the average rent at $469.75, this suggests property owners could potentially earn a 3.51% increase in gross rental yield.
Property investors have seen a 7.75% gain in SUNNYBANK HILLS based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 3.81% growth over a ten-year period. It ranks 2605th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $695,000 | $370,000 |
| GROWTH REPORT | ||
| Median Quarterly | 7.75% | 4.08% |
| Median 12 month | 8.59% | 5.71% |
| Median 3 years | 2.13% | -7.96% |
| Median 5 years | 5.06% | 1.93% |
| 10 years average annual | 3.81% | -0.08% |
| Weekly media advert. rent | $469.75 | $400 |
| Time on Market | 59.4 days | 46.8 days |
| Gross Rental Yield Percent | 3.51% | 5.62% |
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