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 $962,000.
The upward trend in home prices in MARIBYRNONG, 3032 averaged 12.38% per annum over a 3-year period.
Average weekly rents on listings have reached the $450 mark, reflecting a 2.43% increase in returns based on the current median price in MARIBYRNONG.
An average of 11.5 real estate transactions take place per month in MARIBYRNONG which translates to 138 per annum.
138 properties were sold in MARIBYRNONG in 2016, making it the 590th most active market in VIC based on total real estate transactions.
MARIBYRNONG, 3032 places 345th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||9.32%||-0.86%|
|Median 3 years||37.13%||-0.86%|
|Median 5 years||65.86%||3.36%|
|10 years average annual||7.2%||5.11%|
|Weekly media advert. rent||$450||$370|
|Time on Market||64.1 days||80.1 days|
|Gross Rental Yield Percent||2.43%||4.17%|