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 2.78% 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 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%|