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Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,320,000.
The upward trend in home prices in ASCOT VALE, 3032 averaged 5.78% per annum over a 3-year period.
Average weekly rents on listings have reached the $580 mark, reflecting a 2.28% increase in returns based on the current median price in ASCOT VALE.
An average of 15.08 real estate transactions take place per month in ASCOT VALE which translates to 181 per annum.
181 properties were sold in ASCOT VALE in 2016, making it the 526th most active market in VIC based on total real estate transactions.
ASCOT VALE, 3032 places 682nd in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||2.33%||14.43%|
|Median 3 years||17.33%||35.01%|
|Median 5 years||32.66%||42.17%|
|10 years average annual||6.4%||4.36%|
|Weekly media advert. rent||$580||$370|
|Time on Market||51.1 days||60.8 days|
|Gross Rental Yield Percent||2.28%||2.73%|