REDBANK PLAINS 
2 MIN READThe Property Policies Both Major Parties Are Peddling
Today’s (21 May) the last day for Australians to vote in the federal election. Here, we’ll be recapping the major pr...
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SouthbankSouthbank - SUBURB PROFILE REPORT
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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 weaker 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 -0.69% per annum over a 3-year period.
Average weekly rents on listings have reached the $410 mark, reflecting a 3.92% increase in returns based on the current median price in SOUTHBANK.
An average of 34 real estate transactions take place per month in SOUTHBANK which translates to 408 per annum.
408 properties were sold in SOUTHBANK during the past year, making it the 137th most active market in VIC based on total real estate transactions.
SOUTHBANK, 3006 places 265th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | N/A | $543,499 |
| GROWTH REPORT | ||
| Median Quarterly | N/A | 0.65% |
| Median 12 month | N/A | -2.95% |
| Median 3 years | N/A | -2.07% |
| Median 5 years | N/A | -4.96% |
| 10 years average annual | N/A | -0.21% |
| Weekly media advert. rent | N/A | $410 |
| Time on Market | N/A | 69.8 days |
| Gross Rental Yield Percent | N/A | 3.92% |
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