Property investors enjoyed capital gains of 1.8% over the last 12 months in ESSENDON NORTH, translating to lower returns compared with its peers in VIC.
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.
The suburb posted a 36.14% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $430 based on current median home prices for the suburb.
On average, rents on listings have reached the $430 mark, reflecting a 2.03% increase in returns based on the current median price in ESSENDON NORTH.
ESSENDON NORTH, 3041 ranks 605th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 540th on the list of best yielding suburbs for rental properties in VIC, posting a 2.03% return.
Property investors have seen a -0.25% drop in ESSENDON NORTH based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains ESSENDON NORTH, 3041 saw average decrease in the long term.
ESSENDON NORTH, 3041 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 $392,500.
Profits due to an downward trend in home prices in ESSENDON NORTH, 3041 averaged -6.08% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $360 based on current median home prices for the suburb.
The gross rental yield in ESSENDON NORTH, 3041 is 4.77%.
An average of 3.5 real estate transactions take place per month in ESSENDON NORTH which translates to 42 per annum.
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