Hot Property: The biggest stories this week
Melbourne’s reopening has been met with plenty of property fanfare: Here are the biggest property stories from this week. ...
Property investors enjoyed capital gains of 12.41% over the last 12 months in SUNSHINE, translating to lower returns compared with its peers in VIC.
A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 6.32% growth over a ten-year period. It ranks 960th on our list of suburbs that property investors should look into.
SUNSHINE, 3020 has a capital gain of 12.41% for the past year, which is higher than average compared to its 56.21% growth within a five-year period.
With the median home price in SUNSHINE sitting at $770,000, and the average rent at $380, property owners could potentially earn a 2.57% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in SUNSHINE are low, as opposed to average gains per annum over the past five years.
SUNSHINE, 3020 in VIC belongs to the local government area of Brimbank (C).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $770,000 | $390,000 |
| GROWTH REPORT | ||
| Median Quarterly | 1.85% | 0% |
| Median 12 month | 12.41% | 6.85% |
| Median 3 years | 4.76% | -6.59% |
| Median 5 years | 56.21% | 7.22% |
| 10 years average annual | 6.32% | 2.16% |
| Weekly media advert. rent | $380 | $330 |
| Time on Market | 51.8 days | 86.2 days |
| Gross Rental Yield Percent | 2.57% | 4.4% |
Melbourne’s reopening has been met with plenty of property fanfare: Here are the biggest property stories from this week. ...
Despite facing lockdowns and an election, New Zealand property is moving from strength to strength, with a researcher tipping the Australian...
Housing affordability will continue to improve moderately over the next 12 months because of low mortgage interest rates and lower housing p...
Queensland has started recovering from the effects of the COVID-19 pandemic, with the regional rental markets leading the charge. ...
The race that stops the nation won’t be stopping a large number of homes from going under the hammer in Victoria this week. ...
A keen property investor has spoken out about how his purchase in the Hobart market kicked off the start of a successful portfolio. ...
Get notifications in real-time for staying up to date with content that matters to you.
