Aberfeldie

POSTAL CODE: VIC, 3040

HOUSE

UNIT

Property investors have seen a -3.82% drop in ABERFELDIE based on a decrease in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains ABERFELDIE, 3040 saw average growth in the long term.

The VIC suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $1,845,000

Profits averaged -1.67% per annum over a 3-year period, due to an downward trend in home prices in ABERFELDIE, 3040.

This means, real estate investors could earn a rental income of $750 based on current median home prices for the suburb.

The gross rental yield in ABERFELDIE, 3040 is 2.11%.

An average of 5.25 real estate transactions take place per month in ABERFELDIE which translates to 63 per annum.

Property investments in ABERFELDIE did not fare well against the rest of the country last year, registering a median home price decrease of 4.18%.

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

Based on its average 5-year and quarterly capital gains ABERFELDIE, 3040 saw average growth in the long term.

This means, real estate investors could earn a rental income of $500 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 ABERFELDIE, homes and units usually stay on listing for an average of 47.5 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 $660,500

Investors saw the median home price rise to $660,500.

ABERFELDIE ranks 310th on the list of best yielding suburbs for rental properties in VIC, posting a 3.94% return.

Surburb overview

Aberfeldie is an inner suburb located approximately 8 kilometres north-west of Melbourne's Central Business District, within the City of Moonee Valley. According to the 2021 census, it has a population of 3,925 residents.

The suburb is predominantly residential, featuring various housing styles, including inter-war California bungalows and post-war dwellings. The median property price for a house is currently $1,600,000, with an annual capital growth rate of -6.49%. Rental yields for houses are around 2.19%, with a median weekly rent of $750.

Public transportation in Aberfeldie includes several bus routes connecting to neighbouring suburbs and train stations. The nearest train stations are Essendon and Moonee Ponds, providing access to Melbourne's rail network.

Essential amenities are accessible, with local shopping centres along Buckley Street offering supermarkets, retail stores, and dining options. The area also has several schools, including Ave Maria College and St Bernard's College.

Recreational opportunities are abundant, with the Maribyrnong River providing natural landscapes for walking and cycling. Aberfeldie Park features sports fields, playgrounds, and walking paths, catering to various outdoor activities. The suburb is also home to sports clubs, including the Aberfeldie Sports Club, which offers cricket, football, and tennis facilities.

Aberfeldie 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	$1,845,000	$660,500
Growth Report
Median Quarterly	-3.82%	0%
Median 12 month	-6.82%	4.18%
Median 3 years	-5.26%	0%
Median 5 years	21.38%	0%
10 years average annual	4.66%	13.08%
Weekly media advert. rent	$750	$500
Time on Market	74.8 days	47.5 days
Gross Rental Yield Percent	2.11%	3.94%

Demographics (Median Values)*

Total Population 25936

Weekly Household Income 1825

Household Size 2.50

Average Age 37

Monthly Loan Repayment 2167

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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