Delahey

DELAHEY, 3037 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in VIC have risen as a whole, pulling DELAHEY, 3037 values up and netting property investors a capital gain of 7.92% for the past year.

Investors saw the median home price rise to $572,000.

Profits due to an upward trend in home prices in the suburb averaged 1.27% per annum over a 3-year period.

DELAHEY now ranks at the 621st 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 DELAHEY are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $370 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In DELAHEY, homes and units usually stay on listing for an average of 34.4 days.

In 2016, 67 properties were sold in DELAHEY during the past year, making it the 124th most active market in VIC based on total real estate transactions.