SEAHOLME, 3018 ranks 98th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 32.12% 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 $1,090,000.
The upward trend in home prices in SEAHOLME, 3018 averaged 22.78% per annum over a 3-year period.
Average weekly rents on listings have reached the $470 mark, reflecting a 2.24% increase in returns based on the current median price in SEAHOLME.
An average of 1.58 real estate transactions take place per month in SEAHOLME which translates to 19 per annum.
19 properties were sold in SEAHOLME in 2016, making it the 485th most active market in VIC based on total real estate transactions.
SEAHOLME, 3018 places 7th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||32.12%||N/A|
|Median 3 years||68.33%||N/A|
|Median 5 years||80.54%||N/A|
|10 years average annual||11%||N/A|
|Weekly media advert. rent||$470||$325|
|Time on Market||113.1 days||0.0 days|
|Gross Rental Yield Percent||2.24%||3.41%|