Powered by MOMENTUM MEDIA
AREA REPORTS

Melbourne

Suburb Profile

Melbourne - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3000

unit

Based on its average 5-year and quarterly capital gains MELBOURNE, 3000 saw average growth in the long term.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Profits due to an downward trend in home prices in MELBOURNE, 3000 averaged -4.3% per annum over a 3-year period.

Average weekly rents on listings have reached the $550 mark, reflecting a 6.5% increase in returns based on the current median price in MELBOURNE.

An average of 53.75 real estate transactions take place per month in MELBOURNE which translates to 645 per annum.

645 properties were sold in MELBOURNE during the past year, making it the 38th most active market in VIC based on total real estate transactions.

MELBOURNE, 3000 places 174th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price N/A $440,000
GROWTH REPORT
Median Quarterly N/A 0.57%
Median 12 month N/A -6.59%
Median 3 years N/A -12.91%
Median 5 years N/A -14.31%
10 years average annual N/A 2.61%
Weekly media advert. rent N/A $550
Time on Market N/A 74.4 days
Gross Rental Yield Percent N/A 6.5%
demographics (median values)
Total Population
20363
Weekly Household Income
999.6
Household Size
1.80
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

Deloitte

Prices to soon exceed peak in ‘unsustainable moon-shot’

Residential property prices are set to exceed their 2017 peak in the coming months, but conservatism from mortgage-holders would likely stun...

Sydney

Should you really invest in Sydney?

Low interest rates shouldn’t be the sole reason you take the plunge into Sydney’s property market, according to a property expert, who h...

Apartments

5 things to consider before buying an apartment

The process of apartment hunting can be intricate, but research can go a long way in forming a “solid launching pad” for purchase, a rea...

World map

2020’s best (and worst) global cities for property value growth

The world’s major cities are expected to grow their residential property values by an average of just 1.8 per cent in the next 12 months ...

Perth

Year in summary: Trends and predictions for the Perth property market in 2020

The Perth property market has experienced a roller-coaster ride throughout the past decade, ultimately impacting the growth of real estate i...

Australia

The impact of the economy on housing: State-by-state

The correlation between state and territory economies and local property values cannot be underestimated, so what economic headwinds (and t...

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.