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 $1,005,000.
The upward trend in home prices in MARIBYRNONG, 3032 averaged 11.04% per annum over a 3-year period.
Average weekly rents on listings have reached the $475 mark, reflecting a 2.46% increase in returns based on the current median price in MARIBYRNONG.
An average of 9.92 real estate transactions take place per month in MARIBYRNONG which translates to 119 per annum.
119 properties were sold in MARIBYRNONG in 2016, making it the 670th most active market in VIC based on total real estate transactions.
MARIBYRNONG, 3032 places 453rd in Australia based on median property value growth during the quarter.
The 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 $480,444.
Average median unit prices in VIC have risen as a whole, pulling MARIBYRNONG, 3032 values up and netting property investors a capital gain of 0.96% for the past year.
Investors saw the median home price rise to $480,444.
The upward trend in home prices in MARIBYRNONG, 3032 averaged 2.02% per annum over a 3-year period.
MARIBYRNONG now ranks at the 286th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in MARIBYRNONG are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $395 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In MARIBYRNONG, homes and units usually stay on listing for an average of 83.1 days.
164 properties were sold in MARIBYRNONG in 2016, making it the 285th most active market in VIC based on total real estate transactions.
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