‘Sexy’ reno options for cashed-up tenants
Renters's expectations evolve over time, and renovations for an investment property should work to create a higher asking price from potenti...
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.
| 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% |
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