AREA REPORTS

Melbourne

 

 

Suburb Profile

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

house
unit

Real estate investors could earn a rental income of $600 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 0.0 days.

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

Property investors perceived the median home price rise to $1,000,000.

MELBOURNE ranks 305th on the list of best yielding suburbs for rental properties in VIC, posting a 3.12% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,000,000 $465,000
GROWTH REPORT
Median Quarterly N/A 1.31%
Median 12 month N/A -4.68%
Median 3 years N/A -10.4%
Median 5 years N/A -3.33%
10 years average annual N/A 2.87%
Weekly media advert. rent $600 $510
Time on Market 0.0 days 86.6 days
Gross Rental Yield Percent 3.12% 5.7%
demographics (median values)
Total Population
20363
Weekly Household Income
999.6
Household Size
1.80
demographics
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Age group
Top 10 Birth Countries
Dwelling Structures
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Household Income
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