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 $1,070,000.
The upward trend in home prices in ASCOT VALE, 3032 averaged 13.25% per annum over a 3-year period.
Average weekly rents on listings have reached the $527.5 mark, reflecting a 2.56% increase in returns based on the current median price in ASCOT VALE.
An average of 14.17 real estate transactions take place per month in ASCOT VALE which translates to 170 per annum.
170 properties were sold in ASCOT VALE in 2016, making it the 509th most active market in VIC based on total real estate transactions.
ASCOT VALE, 3032 places 110th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,070,000 | $495,000 |
| GROWTH REPORT | ||
| Median Quarterly | 5.94% | 3.13% |
| Median 12 month | 15.8% | -6.25% |
| Median 3 years | 39.74% | 8.05% |
| Median 5 years | 51.02% | 11.68% |
| 10 years average annual | 7.81% | 4.53% |
| Weekly media advert. rent | $527.5 | $380 |
| Time on Market | 50.1 days | 58.4 days |
| Gross Rental Yield Percent | 2.56% | 3.99% |
There is a threshold for the land value...
Hi Ho Ping
Thank you for your comments....
You are perhaps one of the few comment...