Based on its average 5-year and quarterly capital gains FLEMINGTON, 3031 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that FLEMINGTON, 3031 obtained a 8.31% growth over a ten-year period. It ranks 446th on our list of suburbs that property investors should look into.
FLEMINGTON, 3031 in VIC belongs to the local government area of Moonee Valley.
FLEMINGTON, 3031 has a capital gain of 20.28% for the past year, which is higher than average compared to its 73.23% growth within a five-year period.
With the median home price in FLEMINGTON sitting at $1,100,000, and the average rent at $550, property owners could potentially earn a 2.6% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in FLEMINGTON are low, as opposed to average gains per annum over the past five years.
A steady increase in median property prices over a five-year period in FLEMINGTON, 3031 translates to a -1.7% capital gain.
Property investors enjoyed capital gains of 4.63% over the last 12 months in FLEMINGTON, translating to lower returns compared with its peers in VIC.
FLEMINGTON, 3031 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 $429,000.
Profits due to an downward trend in home prices in FLEMINGTON, 3031 averaged -0.57% per annum over a 3-year period.
Home owners selling their properties and realtors in FLEMINGTON usually have to wait an average of 78.7 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $375 mark, reflecting a 4.55% increase in returns based on the current median price in FLEMINGTON.
FLEMINGTON, 3031 places 281st in Australia based on median property value growth during the quarter.