Property investors have seen a 4.45% gain in STRATHMORE based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains STRATHMORE, 3041 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 $1,150,000
Profits averaged 13.41% per annum over a 3-year period, due to an upward trend in home prices in STRATHMORE, 3041.
This means, real estate investors could earn a rental income of $530 based on current median home prices for the suburb.
The gross rental yield in STRATHMORE, 3041 is 2.4%.
An average of 9.33 real estate transactions take place per month in STRATHMORE which translates to 112 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||9.52%||24.39%|
|Median 3 years||40.24%||23.49%|
|Median 5 years||40.24%||36.61%|
|10 years average annual||8.12%||8.55%|
|Weekly media advert. rent||$530||$400|
|Time on Market||59.6 days||65.1 days|
|Gross Rental Yield Percent||2.4%||2.72%|