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Southbank
AREA REPORTS

Southbank

Southbank - 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 -0.61% per annum over a 3-year period.

Average weekly rents on listings have reached the $400 mark, reflecting a 3.85% increase in returns based on the current median price in SOUTHBANK.

An average of 31.33 real estate transactions take place per month in SOUTHBANK which translates to 376 per annum.

376 properties were sold in SOUTHBANK during the past year, making it the 141st most active market in VIC based on total real estate transactions.

SOUTHBANK, 3006 places 300th in Australia based on median property value growth during the quarter.

Data report can be found below

Southbank
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price N/A $540,000
GROWTH REPORT
Median Quarterly N/A -0.64%
Median 12 month N/A -3.57%
Median 3 years N/A -1.82%
Median 5 years N/A -3.57%
10 years average annual N/A -0.37%
Weekly media advert. rent N/A $400
Time on Market N/A 74.0 days
Gross Rental Yield Percent N/A 3.85%
demographics (median values)*
Total Population
18808
Weekly Household Income
1852
Household Size
1.90
Age
30
Monthly Loan Repayment
2000
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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