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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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Park Ridge SouthPark Ridge South - SUBURB PROFILE REPORT
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Property investments in PARK RIDGE SOUTH fare well against the rest of the country last year, registering a median home price increase of 21.32%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are high, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains PARK RIDGE SOUTH, 4125 saw average growth in the long term.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 57.5 days.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $700,000.
PARK RIDGE SOUTH ranks 772nd on the list of best yielding suburbs for rental properties in QLD, posting a 0% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $700,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 15.51% | N/A |
| Median 12 month | 21.32% | N/A |
| Median 3 years | 21.74% | N/A |
| Median 5 years | 25.5% | N/A |
| 10 years average annual | 4.21% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 57.5 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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