Sydenham

POSTAL CODE: VIC, 3037

HOUSE

UNIT

Property investors have seen a 4.17% gain in SYDENHAM based on an increase in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains SYDENHAM, 3037 saw average growth in the long term.

The VIC 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 $750,000

Profits averaged 2.67% per annum over a 3-year period, due to an upward trend in home prices in SYDENHAM, 3037.

This means, real estate investors could earn a rental income of $532.5 based on current median home prices for the suburb.

The gross rental yield in SYDENHAM, 3037 is 3.69%.

An average of 9.25 real estate transactions take place per month in SYDENHAM which translates to 111 per annum.

Property investments in SYDENHAM did not fare well against the rest of the country last year, registering a median home price decrease of -4.12%.

Figures from the previous quarter show that capital gains for real estate buyers in SYDENHAM are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains SYDENHAM, 3037 saw average growth in the long term.

This means, real estate investors could earn a rental income of $470 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 SYDENHAM, homes and units usually stay on listing for an average of 26 days.

the VIC 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 $495,000

Investors saw the median home price rise to $495,000.

SYDENHAM ranks 107th on the list of best yielding suburbs for rental properties in VIC, posting a 4.94% return.

Surburb overview

Sydenham, located approximately 22 kilometres north-west of Melbourne's Central Business District, is a suburb of Brimbank. According to the 2021 census, it has a population of 10,578 residents.

The suburb is predominantly residential, featuring various housing styles, including modern developments and established homes. The median property price for a house is currently $720,000, with an annual capital growth rate of 2.86%. Rental yields for houses are around 3.69%, with a median weekly rent of $490.

Public transportation in Sydenham is well-developed. The Watergardens railway station provides access to Melbourne's rail network, and several bus routes connect the suburb to neighbouring areas.

Essential amenities are accessible, with the Watergardens Town Centre offering supermarkets, retail stores, and dining options. The area is also home to several schools, including Catholic Regional College Sydenham and Sydenham-Hillside Primary School.

Recreational opportunities are available, with several parks and reserves within the suburb. Pioneer Park, located at 71–79 Victoria Road, supports the Natural Temperate Grasslands of the Victorian Volcanic Plains and contains one of the largest remaining catchments of Kangaroo Grass in metropolitan Melbourne. The suburb is also home to sports clubs, including the Hillside Football Club, which competes in the Essendon District Football League.

Sydenham offers a suburban lifestyle with access to essential services and recreational facilities, making it a notable suburb within Melbourne's metropolitan area.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$750,000	$495,000
Growth Report
Median Quarterly	4.17%	0.51%
Median 12 month	7.07%	-4.12%
Median 3 years	8.7%	2.06%
Median 5 years	18.95%	17.79%
10 years average annual	5.9%	4.66%
Weekly media advert. rent	$533	$470
Time on Market	31.7 days	26 days
Gross Rental Yield Percent	3.69%	4.94%

Demographics (Median Values)*

Total Population 51155

Weekly Household Income 1684

Household Size 3.20

Average 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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