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Sydenham
AREA REPORTS

Sydenham

Sydenham - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3037

house
unit

Property investors have seen a 4.44% gain in SYDENHAM based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on SYDENHAM, 3037 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 11.97%.

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 $706,000

Profits averaged 5.82% 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 2.95%.

An average of 6 real estate transactions take place per month in SYDENHAM which translates to 72 per annum.

Data report can be found below

Sydenham
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $706,000 $445,000
GROWTH REPORT
Median Quarterly 4.44% 2.3%
Median 12 month 11.97% 5.95%
Median 3 years 17.47% 2.42%
Median 5 years 39.8% 31.27%
10 years average annual 5.59% 3.86%
Weekly media advert. rent $400 $360
Time on Market 35.1 days 56.1 days
Gross Rental Yield Percent 2.95% 4.21%
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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