AREA REPORTS

Ardeer

Suburb Profile

Ardeer - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3022

house
unit

A steady increase in median property prices over a five-year period in the suburb translates to a 71.9% capital gain.

It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $630,000

The augmented property values in the suburb are trailing above the territorial average of 8.31% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $335.

Home owners selling their properties and realtors in ARDEER usually have to wait an average of 55.3 days days before their assets are lifted off the market.

The VIC suburb ranks 385th on the list of best yielding suburbs for rental properties in VIC, posting a 2.77% return.

It also places places 415th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $630,000 $480,000
GROWTH REPORT
Median Quarterly 0.24% 0.52%
Median 12 month 10.53% 11.63%
Median 3 years 71.9% 45.45%
Median 5 years 90.91% N/A
10 years average annual 8.55% 9.69%
Weekly media advert. rent $335 $350
Time on Market 55.3 days 27.9 days
Gross Rental Yield Percent 2.77% 3.79%
demographics (median values)
Total Population
2579
Weekly Household Income
668.4
Household Size
2.50
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

for rent

Tenants get more power in NSW after new legislation passes

Amendments to current rental legislation aimed to give tenants more power have passed the NSW Parliament without any changes. What does thi...

Victoria aerial shot

Regional areas winning over capital cities as markets soften

New sales data shows that regional areas are outpacing capital cities in clearing properties for sale, against a backdrop of a softening mar...

Magnifying glass map of AUstralia

Should you buy outside of Sydney or Melbourne?

Buying interstate may seem like a daunting task for many. If I can’t drive to the property, then I can’t invest my hard-earned money the...

Terrible man screaming

BLOG: How to spot a terrible property manager

We’re always looking to refine our portfolio and make sure it has the best cash flow position as much as possible, and a threat to that is...

Sydney Australia aerial shot

Property commentator shares how far $500k will take you in a capital city

Investors aiming to buy low might be doing their portfolio more harm than good if growth is their goal, according to one property commentato...

Home loan application

Extending interest-only home loans: is it worth the risk?

By 2020, around 200,000 interest-only loans worth over $480 billion will expire and reset to principal-and-interest loans. In the tightening...