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...
Property investors have seen a 2.66% gain in BURPENGARY EAST based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains BURPENGARY EAST, 4505 saw average growth in the long term.
The QLD 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 $560,000
Profits averaged -0.8% per annum over a 3-year period, due to an downward trend in home prices in BURPENGARY EAST, 4505.
This means, real estate investors could earn a rental income of $430 based on current median home prices for the suburb.
The gross rental yield in BURPENGARY EAST, 4505 is 3.99%.
An average of 20.75 real estate transactions take place per month in BURPENGARY EAST which translates to 249 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-1.1%||N/A|
|Median 3 years||-2.4%||N/A|
|Median 5 years||15.46%||N/A|
|10 years average annual||0.73%||N/A|
|Weekly media advert. rent||$430||N/A|
|Time on Market||53.0 days||N/A|
|Gross Rental Yield Percent||3.99%||N/A|