Regional town remains resilient despite COVID-19
Despite falling prices in many of Australia’s capital cities, a regional area is showing signs of growth, an industry expert has said. ...
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 -3.47% per annum over a 3-year period.
Average weekly rents on listings have reached the $556.5 mark, reflecting a 6.46% increase in returns based on the current median price in MELBOURNE.
An average of 59.08 real estate transactions take place per month in MELBOURNE which translates to 709 per annum.
709 properties were sold in MELBOURNE during the past year, making it the 42nd most active market in VIC based on total real estate transactions.
MELBOURNE, 3000 places 226th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | N/A | $448,000 |
| GROWTH REPORT | ||
| Median Quarterly | N/A | 0.56% |
| Median 12 month | N/A | -2.61% |
| Median 3 years | N/A | -10.4% |
| Median 5 years | N/A | -14.42% |
| 10 years average annual | N/A | 2.02% |
| Weekly media advert. rent | N/A | $556.5 |
| Time on Market | N/A | 70.3 days |
| Gross Rental Yield Percent | N/A | 6.46% |
Despite falling prices in many of Australia’s capital cities, a regional area is showing signs of growth, an industry expert has said. ...
A proposal by the NSW government, which could see a major overhaul of the tax system, has been welcomed by industry experts. ...
Millennials aren’t all that interested in building a property portfolio, according to new research. ...
There are eight areas that “are about to blow up”, thanks to the advent of the federal government’s HomeBuilder grant, according to a ...
Almost half of all apartments in Australia are rented out, according to a new report which shines a comprehensive light on the types of peop...
While pausing mortgage repayments may be tempting for those struggling with payments, it may be best to explore other options first to avoid...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
