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...
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 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%|