Office investment in Melbourne is boosting resi investment
Melbourne has been listed as an international investment hotspot and its increase in office investment is helping push up residential invest...
BROOKLYN, 3012 ranks 2151st on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 3.47% for property investors.
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 $783,750.
The upward trend in home prices in BROOKLYN, 3012 averaged 14.12% per annum over a 3-year period.
Average weekly rents on listings have reached the $370 mark, reflecting a 2.45% increase in returns based on the current median price in BROOKLYN.
An average of 1.67 real estate transactions take place per month in BROOKLYN which translates to 20 per annum.
20 properties were sold in BROOKLYN in 2016, making it the 466th most active market in VIC based on total real estate transactions.
BROOKLYN, 3012 places 236th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $783,750 | $585,000 |
| GROWTH REPORT | ||
| Median Quarterly | 2.12% | 4.46% |
| Median 12 month | 3.47% | 14.93% |
| Median 3 years | 42.37% | 36.05% |
| Median 5 years | 65.87% | 67.2% |
| 10 years average annual | 7.55% | 12.43% |
| Weekly media advert. rent | $370 | $392.5 |
| Time on Market | 78.7 days | 45.7 days |
| Gross Rental Yield Percent | 2.45% | 3.49% |
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