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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STONYFELL, 5066 ranks 647th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 8.97% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $935,000.
The upward trend in home prices in STONYFELL, 5066 averaged 6.12% per annum over a 3-year period.
Average weekly rents on listings have reached the $615 mark, reflecting a 3.42% increase in returns based on the current median price in STONYFELL.
An average of 1.83 real estate transactions take place per month in STONYFELL which translates to 22 per annum.
22 properties were sold in STONYFELL in 2016, making it the 296th most active market in SA based on total real estate transactions.
STONYFELL, 5066 places 92nd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $935,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 3.31% | N/A |
| Median 12 month | 8.97% | N/A |
| Median 3 years | 18.35% | N/A |
| Median 5 years | 13.33% | N/A |
| 10 years average annual | 2.71% | N/A |
| Weekly media advert. rent | $615 | N/A |
| Time on Market | 62.6 days | N/A |
| Gross Rental Yield Percent | 3.42% | N/A |
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