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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 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.
| 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% |
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