VIC/
East melbourne

Suburb Profile

East Melbourne - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3002

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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.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $3,175,000 $783,500
GROWTH REPORT
Median Quarterly -9.54% 19.62%
Median 12 month -18.4% 31.13%
Median 3 years 78.87% 39.29%
Median 5 years 69.33% 50.67%
10 years average annual 9.79% 7.78%
Weekly media advert. rent $950 $470
Time on Market 0.0 days 38.3 days
Gross Rental Yield Percent 1.56% 3.12%
demographics (median values)
Total Population
4327
Weekly Household Income
1592
Household Size
1.80
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East Melbourne, VIC
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