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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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Eastern HeightsEastern Heights - SUBURB PROFILE REPORT
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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 Price | $347,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 1.68% | N/A |
| 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 |
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