How will the latest lockdowns impact Melbourne’s property market?
Melbourne’s property market is currently experiencing the largest decline out of Australia’s capitals with fears new lockdown laws could...
A steady increase in median property prices over a five-year period in the suburb translates to a 5.39% capital gain.
It 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 $782,500
The augmented property values in the suburb are trailing behind the territorial average of 1.55% in 2016.
Home owners selling their properties and realtors in FORESTDALE usually have to wait an average of 102.5 days days before their assets are lifted off the market.
The QLD suburb ranks 795th on the list of best yielding suburbs for rental properties in QLD, posting a 0% return.
It also places places 73rd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $782,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 7.75% | N/A |
| Median 12 month | 0.71% | N/A |
| Median 3 years | 5.39% | N/A |
| Median 5 years | 17.67% | N/A |
| 10 years average annual | 2.52% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 102.5 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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