Metro Melbourne Surpasses $1m Mark For The First Time
While it has lagged behind other capital cities in post-pandemic recovery, Melbourne has now cemented its resilience, re...
The suburb’s capital gain of 1.1% for the past year is higher than average compared to its 2.36% growth within a five-year period.
Also in INNES PARK, the median home price is sitting at $369,000, and the average rent at $340, this suggests property owners could potentially earn a 4.79% increase in gross rental yield.
Property investors have seen a 1.93% gain in INNES PARK 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 0.05% growth over a ten-year period. It ranks 3917th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||1.1%||N/A|
|Median 3 years||1.1%||N/A|
|Median 5 years||2.36%||N/A|
|10 years average annual||0.05%||N/A|
|Weekly media advert. rent||$340||N/A|
|Time on Market||62.2 days||N/A|
|Gross Rental Yield Percent||4.79%||N/A|