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2 MIN READThe Property Policies Both Major Parties Are Peddling
Today’s (21 May) the last day for Australians to vote in the federal election. Here, we’ll be recapping the major pr...
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Burnside HeightsBurnside Heights - SUBURB PROFILE REPORT
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Property investors have seen a 1.74% 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 $700,000
Profits averaged 3.41% 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 $430 based on current median home prices for the suburb.
The gross rental yield in BURNSIDE HEIGHTS, 3023 is 3.19%.
An average of 5.92 real estate transactions take place per month in BURNSIDE HEIGHTS which translates to 71 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $700,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 1.74% | N/A |
| Median 12 month | 6.87% | N/A |
| Median 3 years | 10.24% | N/A |
| Median 5 years | 32.08% | N/A |
| 10 years average annual | 5.52% | N/A |
| Weekly media advert. rent | $430 | N/A |
| Time on Market | 27.2 days | N/A |
| Gross Rental Yield Percent | 3.19% | N/A |
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