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 $1,139,940.
The upward trend in home prices in ASCOT VALE, 3032 averaged 15.07% per annum over a 3-year period.
Average weekly rents on listings have reached the $520 mark, reflecting a 2.37% increase in returns based on the current median price in ASCOT VALE.
An average of 13.33 real estate transactions take place per month in ASCOT VALE which translates to 160 per annum.
160 properties were sold in ASCOT VALE in 2016, making it the 532nd most active market in VIC based on total real estate transactions.
ASCOT VALE, 3032 places 73rd in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||17.4%||-7.55%|
|Median 3 years||45.22%||3.16%|
|Median 5 years||66.41%||14.56%|
|10 years average annual||8.24%||4.64%|
|Weekly media advert. rent||$520||$385|
|Time on Market||45.8 days||63.8 days|
|Gross Rental Yield Percent||2.37%||4.09%|