Property investors have seen a 4.67% 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 10.99%.
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 $1,287,500
Profits averaged 17.16% 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 $500 based on current median home prices for the suburb.
The gross rental yield in STRATHMORE, 3041 is 2.02%.
An average of 9.33 real estate transactions take place per month in STRATHMORE which translates to 112 per annum.
Property investments in STRATHMORE fare well against the rest of the country last year, registering a median home price increase of 14.49%.
Figures from the previous quarter show that capital gains for real estate buyers in STRATHMORE are low, as opposed to average gains per annum over the past five years.
This means, real estate investors could earn a rental income of $390 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In STRATHMORE, homes and units usually stay on listing for an average of 43.1 days.
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 $640,000
Investors saw the median home price rise to $640,000.
STRATHMORE ranks 308th on the list of best yielding suburbs for rental properties in VIC, posting a 3.17% return.
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