Victoria Breaks Residential Property Price Records
According to the Real Estate Institute of Victoria's (REIV) September quarter report, Victoria's residential median prop...
The suburb’s capital gain of 9.71% for the past year is higher than average compared to its 16.43% growth within a five-year period.
Also in ALGESTER, the median home price is sitting at $570,500, and the average rent at $440, this suggests property owners could potentially earn a 4.01% increase in gross rental yield.
Property investors have seen a 5.65% gain in ALGESTER 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 3.44% growth over a ten-year period. It ranks 2763rd on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||9.71%||9.66%|
|Median 3 years||10.14%||6%|
|Median 5 years||16.43%||4.26%|
|10 years average annual||3.44%||1.27%|
|Weekly media advert. rent||$440||$375|
|Time on Market||37.4 days||33.0 days|
|Gross Rental Yield Percent||4.01%||6.13%|