Powered by MOMENTUM MEDIA
Melbourne
AREA REPORTS

Melbourne

Melbourne - 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 -0.9% per annum over a 3-year period.

Average weekly rents on listings have reached the $400 mark, reflecting a 4.53% increase in returns based on the current median price in MELBOURNE.

An average of 38.42 real estate transactions take place per month in MELBOURNE which translates to 461 per annum.

461 properties were sold in MELBOURNE during the past year, making it the 92nd 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.

Surburb overview

It’s easy to forget that one is in Melbourne when in Melbourne. Its central business district is your gateway to the world, as if every corner was built with a different country in mind. Step through one of Melbourne’s cobblestone laneways and be transported to France, China or Japan, or even Rome, at any time of day (or night). Whether you want to indulge in some exotic fare, or hunker down at the library or a cafe with a good book, the city is literally at your doorstep.

At its heart are the centre’s old buildings, smack dab in the midst of all the chaos of local transports, pedestrians and skyscrapers, showing visitors Melbourne’s true identity and heritage. Find yourself lost in its cornucopia of shops and restaurants? Don’t hesitate to approach the friendly locals for directions.

Best suburb to buy real estate

Indeed, Melbourne has plenty of highlights to explore. No wonder that visitors never get tired of going back and investors are snapping up properties in the suburb. Buying an investment property in Melbourne won’t put a dent in one’s savings, whether one is a first home buyer or seasoned investor. Finding homes for sale in Melbourne is next to impossible as apartments and condominium units are the norm.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price N/A $459,000
GROWTH REPORT
Median Quarterly N/A 1.1%
Median 12 month N/A 2%
Median 3 years N/A -2.71%
Median 5 years N/A -13.15%
10 years average annual N/A 0.61%
Weekly media advert. rent N/A $400
Time on Market N/A 74.7 days
Gross Rental Yield Percent N/A 4.53%
demographics (median values)
Total Population
20363
Weekly Household Income
999.6
Household Size
1.80
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Get the latest news & updates

Join a community of over 100,000 property investors.

Check this box to receive podcast updates

Related Articles


Website Notifications

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