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Delahey
AREA REPORTS

Delahey

Delahey - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3037

house

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 13.64% for the past year.

Investors saw the median home price rise to $650,000.

Profits due to an upward trend in home prices in the suburb averaged 4.68% per annum over a 3-year period.

DELAHEY now ranks at the 224th 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 $380 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 25.0 days.

In 2016, 99 properties were sold in DELAHEY during the past year, making it the 2nd most active market in VIC based on total real estate transactions.

Data report can be found below

Delahey
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $650,000 N/A
GROWTH REPORT
Median Quarterly 5.69% N/A
Median 12 month 13.64% N/A
Median 3 years 14.04% N/A
Median 5 years 41.92% N/A
10 years average annual 6.1% N/A
Weekly media advert. rent $380 N/A
Time on Market 25.0 days N/A
Gross Rental Yield Percent 3.04% N/A
demographics (median values)*
Total Population
51155
Weekly Household Income
1684
Household Size
3.20
Age
33
Monthly Loan Repayment
1733
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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