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 8.44% for the past year is higher than average compared to its 23.93% growth within a five-year period.
Also in EASTERN HEIGHTS, the median home price is sitting at $347,000, and the average rent at $332.5, this suggests property owners could potentially earn a 4.98% increase in gross rental yield.
Property investors have seen a 1.68% gain in EASTERN HEIGHTS 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 2.44% growth over a ten-year period. It ranks 3241st on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||8.44%||N/A|
|Median 3 years||11.04%||N/A|
|Median 5 years||23.93%||N/A|
|10 years average annual||2.44%||N/A|
|Weekly media advert. rent||$332.5||N/A|
|Time on Market||43.4 days||N/A|
|Gross Rental Yield Percent||4.98%||N/A|