Home owners push ahead with renovation work
Despite the coronavirus pandemic, home owners are pushing ahead with their renovation projects, according to new research. ...
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 downward trend in home prices in SOUTHBANK, 3006 averaged -1.04% per annum over a 3-year period.
Average weekly rents on listings have reached the $570 mark, reflecting a 5.33% increase in returns based on the current median price in SOUTHBANK.
An average of 31.17 real estate transactions take place per month in SOUTHBANK which translates to 374 per annum.
374 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 98th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | N/A | $556,250 |
| GROWTH REPORT | ||
| Median Quarterly | N/A | 3.2% |
| Median 12 month | N/A | -0.49% |
| Median 3 years | N/A | -3.12% |
| Median 5 years | N/A | -0.67% |
| 10 years average annual | N/A | 0.78% |
| Weekly media advert. rent | N/A | $570 |
| Time on Market | N/A | 67.1 days |
| Gross Rental Yield Percent | N/A | 5.33% |
Despite the coronavirus pandemic, home owners are pushing ahead with their renovation projects, according to new research. ...
COVID-19 has changed the way Australians live, work and play, and the effects are set to stick with us for years to come. ...
As the world adapts to a “new normal” following the COVID-19 outbreak, find out how the Melbourne property market will fare in the comin...
In a positive sign for property markets, Australians are looking to cut their spending rather than sell investment properties to manage the ...
Melbourne’s property market is currently experiencing the largest decline out of Australia’s capitals with fears new lockdown laws could...
In good news for Perth investors, experts are predicting a “major blowout” for rent prices in the capital city once the ban on rental in...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
