A steady increase in median property prices over a five-year period in the suburb translates to a 78.87% capital gain.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $3,175,000.
Profits due to an upward trend in home prices there averaged 26.29% per annum over a 3-year period.
Home owners selling their properties and realtors in EAST MELBOURNE usually have to wait an average of 0.0 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $950 mark, reflecting a 1.56% increase in returns based on the current median price in EAST MELBOURNE.
EAST MELBOURNE, 3002 places 672nd in Australia based on median property value growth during the quarter.
Property investors in EAST MELBOURNE enjoyed capital gains of 31.13% over the last 12 months translating to lower returns compared with its peers in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in EAST MELBOURNE are high, as opposed to average gains per annum over the past five years.
EAST MELBOURNE posted a 39.29% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
Real estate investors could earn a rental income of $470 based on current median home prices for the suburb.
Average weekly rents on listings have reached the $470 mark, reflecting a 3.12% increase in returns based on the current median price in EAST MELBOURNE.
EAST MELBOURNE, 3002 ranks 10th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
EAST MELBOURNE ranks 318th on the list of best yielding suburbs for rental properties in VIC, posting a 3.12% return.
You make no sense Rick. What is your point?
I think an experienced landlord would...
Rental properties are not appropriate...
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