AREA REPORTS

Derrimut

Suburb Profile

Derrimut - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3030

house
unit

Property investors have seen a 0% gain in DERRIMUT based on an increase in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains DERRIMUT, 3030 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 $650,000

Profits averaged 15.91% per annum over a 3-year period, due to an upward trend in home prices in DERRIMUT, 3030.

This means, real estate investors could earn a rental income of $400 based on current median home prices for the suburb.

The gross rental yield in DERRIMUT, 3030 is 3.2%.

An average of 6.5 real estate transactions take place per month in DERRIMUT which translates to 78 per annum.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $650,000 $457,500
GROWTH REPORT
Median Quarterly 0% N/A
Median 12 month 8.51% N/A
Median 3 years 47.73% 20.92%
Median 5 years 58.54% N/A
10 years average annual 7.67% N/A
Weekly media advert. rent $400 $380
Time on Market 27.8 days 0.0 days
Gross Rental Yield Percent 3.2% 4.32%
demographics (median values)
Total Population
1499
Weekly Household Income
1374
Household Size
3.40
demographics
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