Financial complaints soar as new body opens doors
The new body that fields financial complaints has fielded over 13,000 enquiries in its first month, including those relating to investment p...
Figures from the previous quarter show that capital gains for real estate buyers in ESSENDON NORTH are low, as opposed to average gains per annum over the past five years.
This number can mean, real estate investors could earn a rental income of $425 based on current median home prices for the suburb.
On average, rents on listings have reached the $425 mark, reflecting a 2.12% increase in returns based on the current median price in ESSENDON NORTH.
ESSENDON NORTH, 3041 ranks 668th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 529th on the list of best yielding suburbs for rental properties in VIC, posting a 2.12% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,042,500 | $375,000 |
| GROWTH REPORT | ||
| Median Quarterly | -5.44% | -5.06% |
| Median 12 month | -5.23% | -18.48% |
| Median 3 years | 30.72% | -21.88% |
| Median 5 years | 67.67% | -10.71% |
| 10 years average annual | 8.08% | 2.95% |
| Weekly media advert. rent | $425 | $355 |
| Time on Market | 32.9 days | 76.5 days |
| Gross Rental Yield Percent | 2.12% | 4.92% |
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