AREA REPORTS

Strathmore

 

 

Suburb Profile

Strathmore - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3041

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Property investors have seen a 2.94% 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 23.35%.

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 $1,400,000

Profits averaged 19.25% 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 $505 based on current median home prices for the suburb.

The gross rental yield in STRATHMORE, 3041 is 1.88%.

An average of 10 real estate transactions take place per month in STRATHMORE which translates to 120 per annum.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,400,000 $686,500
GROWTH REPORT
Median Quarterly 2.94% 7.27%
Median 12 month 23.35% 8.03%
Median 3 years 57.76% 46.84%
Median 5 years 80.55% 14.42%
10 years average annual 8.37% 6.58%
Weekly media advert. rent $505 $382.5
Time on Market 44.6 days 44.8 days
Gross Rental Yield Percent 1.88% 2.9%
demographics (median values)
Total Population
7772
Weekly Household Income
1284
Household Size
2.80
demographics
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