Property investors have seen a 4.67% gain in ALTONA MEADOWS based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on ALTONA MEADOWS, 3028 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 19.62%.
Based on its average 5-year and quarterly capital gains ALTONA MEADOWS, 3028 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 $628,000
Profits averaged 16.51% per annum over a 3-year period, due to an upward trend in home prices in ALTONA MEADOWS, 3028.
This means, real estate investors could earn a rental income of $360 based on current median home prices for the suburb.
The gross rental yield in ALTONA MEADOWS, 3028 is 2.98%.
An average of 12.33 real estate transactions take place per month in ALTONA MEADOWS which translates to 148 per annum.
Property investments in ALTONA MEADOWS fare well against the rest of the country last year, registering a median home price increase of 18.83%.
Figures from the previous quarter show that capital gains for real estate buyers in ALTONA MEADOWS are low, as opposed to average gains per annum over the past five years.
This means, real estate investors could earn a rental income of $340 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In ALTONA MEADOWS, homes and units usually stay on listing for an average of 71.7 days.
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 $438,500
Investors saw the median home price rise to $438,500.
ALTONA MEADOWS ranks 171st on the list of best yielding suburbs for rental properties in VIC, posting a 4.03% return.
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