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Strathmore
AREA REPORTS

Strathmore

Strathmore - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3041

house
unit

Property investors have seen a 6.44% gain in STRATHMORE based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on STRATHMORE, 3041 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 15.02%.

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 $1,570,000

Profits averaged 5.43% 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 $550 based on current median home prices for the suburb.

The gross rental yield in STRATHMORE, 3041 is 1.82%.

An average of 12.33 real estate transactions take place per month in STRATHMORE which translates to 148 per annum.

Data report can be found below

Strathmore
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,570,000 $880,000
GROWTH REPORT
Median Quarterly 6.44% 0%
Median 12 month 15.02% 15.03%
Median 3 years 16.3% 19.73%
Median 5 years 33.62% 34.87%
10 years average annual 6.65% 7.15%
Weekly media advert. rent $550 $425
Time on Market 72.4 days 81.2 days
Gross Rental Yield Percent 1.82% 2.51%
demographics (median values)*
Total Population
12412
Weekly Household Income
1905
Household Size
2.70
Age
39
Monthly Loan Repayment
2000
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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