Open for business: Victorian property market to recommence
Real estate bodies are rejoicing following the announcement that private inspections for purchase or leasing of Victorian residential pro...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The 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 $675,000.
The downward trend in home prices in BROOKLYN, 3012 averaged -3.33% per annum over a 3-year period.
Average weekly rents on listings have reached the $380 mark, reflecting a 2.93% increase in returns based on the current median price in BROOKLYN.
An average of 1.42 real estate transactions take place per month in BROOKLYN which translates to 17 per annum.
17 properties were sold in BROOKLYN in 2016, making it the 527th most active market in VIC based on total real estate transactions.
BROOKLYN, 3012 places th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $675,000 | $565,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0% | 3.67% |
| Median 12 month | 6.3% | 8.65% |
| Median 3 years | -10% | 11.66% |
| Median 5 years | 23.01% | 29.74% |
| 10 years average annual | 5.4% | 5.93% |
| Weekly media advert. rent | $380 | $420 |
| Time on Market | 0.0 days | 56.0 days |
| Gross Rental Yield Percent | 2.93% | 3.87% |
Real estate bodies are rejoicing following the announcement that private inspections for purchase or leasing of Victorian residential pro...
Preliminary figures are looking good for Sydney’s auction market, with CoreLogic predicting greater auction clearance rates week-on-week...
A rebound in household wealth is likely to see a final quarter bump in property activity, an economist has predicted. ...
The Queensland property market is tipped for strong growth despite the country being in its first recession in nearly three decades, an indu...
The announcement that the Australian government would be loosening responsible lending restrictions has been met with mixed feelings from th...
WA-based property investment consultancy Momentum Wealth has shone a spotlight on why the Perth market is seeing a 40 per cent rise in buyer...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
Copyright © 2020 Smart Property Investment