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Property investors have seen a 2% 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 $628,300
Profits averaged 2.16% 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 $400 based on current median home prices for the suburb.
The gross rental yield in SYDENHAM, 3037 is 3.31%.
An average of 5.17 real estate transactions take place per month in SYDENHAM which translates to 62 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||5.2%||0%|
|Median 3 years||6.49%||12.6%|
|Median 5 years||46.12%||31.25%|
|10 years average annual||5.01%||3.6%|
|Weekly media advert. rent||$400||$370|
|Time on Market||44.3 days||68.4 days|
|Gross Rental Yield Percent||3.31%||4.58%|