The suburb’s capital gain of 3.23% for the past year is lower than average compared to its 20% growth within a five-year period.
Also in SIPPY DOWNS, the median home price is sitting at $480,000, and the average rent at $467.5, this suggests property owners could potentially earn a 5.06% increase in gross rental yield.
Property investors have seen a 1.05% gain in SIPPY DOWNS 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 2.6% growth over a ten-year period. It ranks 2876th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $480,000 | $362,900 |
| GROWTH REPORT | ||
| Median Quarterly | 1.05% | -0.96% |
| Median 12 month | 3.23% | 0.83% |
| Median 3 years | 14.29% | 56.42% |
| Median 5 years | 20% | 21.57% |
| 10 years average annual | 2.6% | 5.08% |
| Weekly media advert. rent | $467.5 | $340 |
| Time on Market | 47.7 days | 57.0 days |
| Gross Rental Yield Percent | 5.06% | 4.87% |
Just a thought - would a 'pet premium'...
The property markets in Melbourne,...
There is a threshold for the land value...