Based on its average 5-year and quarterly capital gains MELBOURNE, 3000 saw average decrease 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 -2.37% per annum over a 3-year period.
Average weekly rents on listings have reached the $500 mark, reflecting a 5.53% increase in returns based on the current median price in MELBOURNE.
An average of 121.42 real estate transactions take place per month in MELBOURNE which translates to 1457 per annum.
1457 properties were sold in MELBOURNE during the past year, making it the 315th most active market in VIC based on total real estate transactions.
MELBOURNE, 3000 places 288th in Australia based on median property value growth during the quarter.
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