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AREA REPORTS

Southbank

VIC/
Southbank

Suburb Profile

Southbank - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3006

unit

Based on its average 5-year and quarterly capital gains SOUTHBANK, 3006 saw average decrease in the long term.

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

Profits due to an downward trend in home prices in SOUTHBANK, 3006 averaged -1.26% per annum over a 3-year period.

Average weekly rents on listings have reached the $560 mark, reflecting a 5.34% increase in returns based on the current median price in SOUTHBANK.

An average of 44.17 real estate transactions take place per month in SOUTHBANK which translates to 530 per annum.

530 properties were sold in SOUTHBANK during the past year, making it the 61st most active market in VIC based on total real estate transactions.

SOUTHBANK, 3006 places 173rd in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price N/A $545,750
GROWTH REPORT
Median Quarterly N/A -0.77%
Median 12 month N/A -1.67%
Median 3 years N/A -3.79%
Median 5 years N/A -6.39%
10 years average annual N/A 2.15%
Weekly media advert. rent N/A $560
Time on Market N/A 76.5 days
Gross Rental Yield Percent N/A 5.34%
demographics (median values)
Total Population
9363
Weekly Household Income
1511
Household Size
2.00
demographics
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