Perth Rentals Down 10-30% From Peak
The Perth rental market has risen in affordability, with a new analysis showing more than 200 suburbs with median house ...
Property investors have seen a 0% gain in ESSENDON based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains ESSENDON, 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 $1,600,000
Profits averaged 4.76% per annum over a 3-year period, due to an upward trend in home prices in ESSENDON, 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 ESSENDON, 3040 is 1.67%.
An average of 12.67 real estate transactions take place per month in ESSENDON which translates to 152 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||6.67%||4.1%|
|Median 3 years||14.29%||26.43%|
|Median 5 years||43.82%||16.51%|
|10 years average annual||5.86%||3.84%|
|Weekly media advert. rent||$515||$375|
|Time on Market||74.4 days||64.6 days|
|Gross Rental Yield Percent||1.67%||3.07%|