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AREA REPORTS

Docklands

Suburb Profile

Docklands - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3008

unit

Property investments in DOCKLANDS did not fare well against the rest of the country last year, registering a median home price decrease of -1.99%.

Figures from the previous quarter show that capital gains for real estate buyers in DOCKLANDS are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains DOCKLANDS, 3008 saw average decrease in the long term.

This means, real estate investors could earn a rental income of $600 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In DOCKLANDS, homes and units usually stay on listing for an average of 84.0 days.

the VIC suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $590,000

Investors saw the median home price rise to $590,000.

DOCKLANDS ranks 44th on the list of best yielding suburbs for rental properties in VIC, posting a 5.29% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price N/A $590,000
GROWTH REPORT
Median Quarterly N/A -3.28%
Median 12 month N/A -1.99%
Median 3 years N/A -3.28%
Median 5 years N/A -4.3%
10 years average annual N/A 0.07%
Weekly media advert. rent N/A $600
Time on Market N/A 84.0 days
Gross Rental Yield Percent N/A 5.29%
demographics (median values)
Total Population
3939
Weekly Household Income
1661
Household Size
1.90
demographics
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