Office investment in Melbourne is boosting resi investment
Melbourne has been listed as an international investment hotspot and its increase in office investment is helping push up residential invest...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $386,500.
The upward trend in home prices in EDENS LANDING, 4207 averaged 5.83% per annum over a 3-year period.
Average weekly rents on listings have reached the $365 mark, reflecting a 4.91% increase in returns based on the current median price in EDENS LANDING.
An average of 7.75 real estate transactions take place per month in EDENS LANDING which translates to 93 per annum.
93 properties were sold in EDENS LANDING in 2016, making it the 25th most active market in QLD based on total real estate transactions.
EDENS LANDING, 4207 places 481st in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $386,500 | $225,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.39% | -0.88% |
| Median 12 month | 0.39% | -0.33% |
| Median 3 years | 17.48% | 7.14% |
| Median 5 years | 17.12% | 6.38% |
| 10 years average annual | 0.98% | 1.43% |
| Weekly media advert. rent | $365 | $290 |
| Time on Market | 48.8 days | 93.8 days |
| Gross Rental Yield Percent | 4.91% | 6.7% |
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