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AREA REPORTS

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 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.

Data report can be found below

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%
demographics (median values)
Total Population
9363
Weekly Household Income
1511
Household Size
2.00
demographics
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