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1 MIN READPerth 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 ...
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EssendonEssendon - SUBURB PROFILE REPORT
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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 Price | $1,600,000 | $635,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0% | -3.35% |
| 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% |
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