Property market update: Melbourne, April 2020
Several weeks after lockdown measures have been passed due to the ongoing COVD-19 pandemic, how is the Melbourne property market faring in t...
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Property investors enjoyed capital gains of 2.88% over the last 12 months in SEACLIFF PARK, translating to lower returns compared with its peers in SA.
A survey of average capital gains or median home price increase in suburbs across the country shows that the SA suburb obtained a 1.49% growth over a ten-year period. It ranks 3253rd on our list of suburbs that property investors should look into.
SEACLIFF PARK, 5049 has a capital gain of 2.88% for the past year, which is lower than average compared to its 15.91% growth within a five-year period.
With the median home price in SEACLIFF PARK sitting at $535,000, and the average rent at $410, property owners could potentially earn a 3.99% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in SEACLIFF PARK are low, as opposed to average gains per annum over the past five years.
SEACLIFF PARK, 5049 in SA belongs to the local government area of Holdfast Bay (C).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $535,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -1.83% | N/A |
| Median 12 month | 2.88% | N/A |
| Median 3 years | 6.15% | N/A |
| Median 5 years | 15.91% | N/A |
| 10 years average annual | 1.49% | N/A |
| Weekly media advert. rent | $410 | N/A |
| Time on Market | 80.0 days | N/A |
| Gross Rental Yield Percent | 3.99% | N/A |
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