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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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EdmontonEdmonton - SUBURB PROFILE REPORT
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Property investors have seen a 2.78% gain in EDMONTON based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains EDMONTON, 4869 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 $370,000
Profits averaged 3.7% per annum over a 3-year period, due to an upward trend in home prices in EDMONTON, 4869.
This means, real estate investors could earn a rental income of $420 based on current median home prices for the suburb.
The gross rental yield in EDMONTON, 4869 is 5.9%.
An average of 20.08 real estate transactions take place per month in EDMONTON which translates to 241 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $370,000 | $140,000 |
| GROWTH REPORT | ||
| Median Quarterly | 2.78% | 5.26% |
| Median 12 month | 5.71% | -10.83% |
| Median 3 years | 11.11% | -4.44% |
| Median 5 years | 7.25% | -9.53% |
| 10 years average annual | 1.68% | 2.35% |
| Weekly media advert. rent | $420 | $280 |
| Time on Market | 38.8 days | 67.1 days |
| Gross Rental Yield Percent | 5.9% | 10.4% |
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