Victorian land sales strong despite restrictions
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Property investors have seen a 5.46% gain in BURNSIDE HEIGHTS based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains BURNSIDE HEIGHTS, 3023 saw average growth in the long term.
The VIC suburb 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 $627,500
Profits averaged 2.98% per annum over a 3-year period, due to an upward trend in home prices in BURNSIDE HEIGHTS, 3023.
This means, real estate investors could earn a rental income of $440 based on current median home prices for the suburb.
The gross rental yield in BURNSIDE HEIGHTS, 3023 is 3.65%.
An average of 5 real estate transactions take place per month in BURNSIDE HEIGHTS which translates to 60 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||1.21%||N/A|
|Median 3 years||8.94%||N/A|
|Median 5 years||42.61%||N/A|
|10 years average annual||5.49%||N/A|
|Weekly media advert. rent||$440||N/A|
|Time on Market||35.1 days||N/A|
|Gross Rental Yield Percent||3.65%||N/A|
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