Metro Melbourne Surpasses $1m Mark For The First Time
While it has lagged behind other capital cities in post-pandemic recovery, Melbourne has now cemented its resilience, re...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The 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 $450,000.
The upward trend in home prices in PORT WILLUNGA, 5173 averaged 10.65% per annum over a 3-year period.
Average weekly rents on listings have reached the $347.5 mark, reflecting a 4.02% increase in returns based on the current median price in PORT WILLUNGA.
An average of 2.92 real estate transactions take place per month in PORT WILLUNGA which translates to 35 per annum.
35 properties were sold in PORT WILLUNGA in 2016, making it the 201st most active market in SA based on total real estate transactions.
PORT WILLUNGA, 5173 places 60th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||12.22%||N/A|
|Median 3 years||31.96%||N/A|
|Median 5 years||36.36%||N/A|
|10 years average annual||3.61%||N/A|
|Weekly media advert. rent||$347.5||N/A|
|Time on Market||44.8 days||N/A|
|Gross Rental Yield Percent||4.02%||N/A|