Auction clearance rates go from strength to strength
Continued auction momentum has been recorded again, with the week just gone seeing 2,446 homes across the combined capital cities fall under...
Property investors have seen a -8.57% 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 $1,280,000
Profits averaged 0.44% per annum over a 3-year period, due to an upward trend in home prices in ABERFELDIE, 3040.
This means, real estate investors could earn a rental income of $515 based on current median home prices for the suburb.
The gross rental yield in ABERFELDIE, 3040 is 2.09%.
An average of 2.75 real estate transactions take place per month in ABERFELDIE which translates to 33 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,280,000 | $960,000 |
| GROWTH REPORT | ||
| Median Quarterly | -8.57% | 1.05% |
| Median 12 month | -14.67% | 48.84% |
| Median 3 years | 1.31% | 117.19% |
| Median 5 years | 24.27% | 64.1% |
| 10 years average annual | 6.21% | 14.53% |
| Weekly media advert. rent | $515 | $530 |
| Time on Market | 59.8 days | 68.4 days |
| Gross Rental Yield Percent | 2.09% | 2.87% |
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