Property investors have seen a -0.76% drop in SEDDON based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains SEDDON, 3011 saw average growth in the long term.
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 $982,500
Profits averaged 11.51% per annum over a 3-year period, due to an upward trend in home prices in SEDDON, 3011.
This means, real estate investors could earn a rental income of $530 based on current median home prices for the suburb.
The gross rental yield in SEDDON, 3011 is 2.81%.
An average of 6.58 real estate transactions take place per month in SEDDON which translates to 79 per annum.
Property investments in SEDDON did not fare well against the rest of the country last year, registering a median home price decrease of -1.71%.
Figures from the previous quarter show that capital gains for real estate buyers in SEDDON are high, as opposed to average gains per annum over the past five years.
This means, real estate investors could earn a rental income of $380 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 SEDDON, homes and units usually stay on listing for an average of 0.0 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 $490,000
Investors saw the median home price rise to $490,000.
SEDDON ranks 170th on the list of best yielding suburbs for rental properties in VIC, posting a 4.03% return.
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