Property market update: Melbourne, December 2018
After an unprecedented property boom, the Melbourne market started to soften in 2018—a trend further enhanced by the tightening of credit ...
The SA 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 $442,000
Profits averaged -2.64% per annum over a 3-year period, due to an downward trend in home prices in GULFVIEW HEIGHTS, 5096.
This means, real estate investors could earn a rental income of $345 based on current median home prices for the suburb.
The gross rental yield in GULFVIEW HEIGHTS, 5096 is 4.06%.
An average of 3.25 real estate transactions take place per month in GULFVIEW HEIGHTS which translates to 39 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $442,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | N/A | N/A |
| Median 12 month | -18.9% | N/A |
| Median 3 years | -7.92% | N/A |
| Median 5 years | 22.78% | N/A |
| 10 years average annual | 4.12% | N/A |
| Weekly media advert. rent | $345 | N/A |
| Time on Market | 62.4 days | N/A |
| Gross Rental Yield Percent | 4.06% | N/A |
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