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 $350,000.
Investors saw the median home price rise to $350,000.
The downward trend in home prices in TRAVANCORE, 3032 averaged -6.14% per annum over a 3-year period.
TRAVANCORE now ranks at the 197th 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 TRAVANCORE are high, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $400 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 TRAVANCORE, homes and units usually stay on listing for an average of 86.2 days.
64 properties were sold in TRAVANCORE in 2016, making it the 58th most active market in VIC based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||N/A||-4.37%|
|Median 3 years||N/A||-18.41%|
|Median 5 years||N/A||-29.99%|
|10 years average annual||N/A||-1.93%|
|Weekly media advert. rent||N/A||$400|
|Time on Market||N/A||86.2 days|
|Gross Rental Yield Percent||N/A||5.94%|