Based on its average 5-year and quarterly capital gains SOUTHBANK, 3006 saw average growth 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 upward trend in home prices in SOUTHBANK, 3006 averaged 0.65% per annum over a 3-year period.
Average weekly rents on listings have reached the $530 mark, reflecting a 5.01% increase in returns based on the current median price in SOUTHBANK.
An average of 56.08 real estate transactions take place per month in SOUTHBANK which translates to 673 per annum.
673 properties were sold in SOUTHBANK during the past year, making it the 50th most active market in VIC based on total real estate transactions.
SOUTHBANK, 3006 places 306th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||N/A||-4.57%|
|Median 3 years||N/A||1.95%|
|Median 5 years||N/A||0.09%|
|10 years average annual||N/A||1.97%|
|Weekly media advert. rent||N/A||$530|
|Time on Market||N/A||89.4 days|
|Gross Rental Yield Percent||N/A||5.01%|