Demand For Homes Stays High In 1 State While The Rest Fall Back
Rising interest rates have eased demand from potential buyers, which has been reflected in the slowing of home price gro...
Property investments in DOCKLANDS did not fare well against the rest of the country last year, registering a median home price decrease of 3.54%.
Figures from the previous quarter show that capital gains for real estate buyers in DOCKLANDS are high, 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 growth in the long term.
This means, real estate investors could earn a rental income of $420 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 86.7 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 $605,000
Investors saw the median home price rise to $605,000.
DOCKLANDS ranks 160th on the list of best yielding suburbs for rental properties in VIC, posting a 3.61% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||N/A||3.54%|
|Median 3 years||N/A||-3.32%|
|Median 5 years||N/A||-13.57%|
|10 years average annual||N/A||0.53%|
|Weekly media advert. rent||N/A||$420|
|Time on Market||N/A||86.7 days|
|Gross Rental Yield Percent||N/A||3.61%|