AREA REPORTS

Delahey

Suburb Profile

Delahey - FREE 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 14.2% for the past year.

Investors saw the median home price rise to $575,000.

Profits due to an upward trend in home prices in the suburb averaged 16.13% per annum over a 3-year period.

DELAHEY now ranks at the 358th 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 42.2 days.

In 2016, 86 properties were sold in DELAHEY during the past year, making it the 41st most active market in VIC based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $575,000 N/A
GROWTH REPORT
Median Quarterly 0.88% N/A
Median 12 month 14.2% N/A
Median 3 years 48.39% N/A
Median 5 years 55.41% N/A
10 years average annual 8.13% N/A
Weekly media advert. rent $370 N/A
Time on Market 42.2 days N/A
Gross Rental Yield Percent 3.35% N/A
demographics (median values)
Total Population
8723
Weekly Household Income
1047
Household Size
3.30
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

Travel stamp

Migration cut plans set to impact property market

Top property industry bosses hold opposing views to the Prime Minister’s recently announced plan to reduce Australia’s migration intak...

For rent signage

'Bagging a bargain' easier in December, investors told

Investors looking to boost their portfolio should consider the buying and yield opportunities in the market during December, according to on...

Crystal ball

Major bank reveals predictions for property market in 2019

One of the big four banks has released its price predictions for the year ahead, on the basis of patterns and data from buyers in 2018. ...

Magnifying glass and human eye

'Problematic' Sydney, Melbourne focus holds back investors

Property investors often gravitate towards the bigger markets of Sydney and Melbourne, but one industry boss has expressed "grave concerns" ...

Australian dollars

Property investment amid tighter lending—is it worth the risk?

Many property investors are finding it hard to capitalise on the current market due to the tightening of the lending environment across Aust...

Businessman success

Big opportunities for property investors in 2019, expert tips

Labor’s negative gearing plans and softening house prices are creating a prime market for savvy investors, according to one expert. ...