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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The suburb’s capital gain of -5.57% for the past year is lower than average compared to its 18.72% growth within a five-year period.
Also in SISTERS BEACH, the median home price is sitting at $283,750, and the average rent at $315, this suggests property owners could potentially earn a 5.77% increase in gross rental yield.
Property investors have seen a 1.34% gain in SISTERS BEACH based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 3.23% growth over a ten-year period. It ranks 2313th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $283,750 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 1.34% | N/A |
| Median 12 month | -5.57% | N/A |
| Median 3 years | 18.23% | N/A |
| Median 5 years | 18.72% | N/A |
| 10 years average annual | 3.23% | N/A |
| Weekly media advert. rent | $315 | N/A |
| Time on Market | 97.2 days | N/A |
| Gross Rental Yield Percent | 5.77% | N/A |
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