Canberra Now Boasts A 7-figure Median House Price
With double-digit growth and the steepest price acceleration in almost three decades, Canberra continues to dominate the...
Property investments in DOCKLANDS did not fare well against the rest of the country last year, registering a median home price decrease of -1.95%.
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 $447.5 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 91.2 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 $583,400
Investors saw the median home price rise to $583,400.
DOCKLANDS ranks 135th on the list of best yielding suburbs for rental properties in VIC, posting a 3.99% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||N/A||-1.95%|
|Median 3 years||N/A||-1.95%|
|Median 5 years||N/A||-16.06%|
|10 years average annual||N/A||-0.36%|
|Weekly media advert. rent||N/A||$447.5|
|Time on Market||N/A||91.2 days|
|Gross Rental Yield Percent||N/A||3.99%|