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Strathmore

Suburb Profile

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

house
unit

Property investors have seen a 2.39% 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 $1,285,000

Profits averaged 4.08% 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 $510 based on current median home prices for the suburb.

The gross rental yield in STRATHMORE, 3041 is 2.06%.

An average of 9.08 real estate transactions take place per month in STRATHMORE which translates to 109 per annum.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,285,000 $744,000
GROWTH REPORT
Median Quarterly 2.39% 1.92%
Median 12 month -4.81% 1.22%
Median 3 years 12.23% 14.02%
Median 5 years 47.7% 20%
10 years average annual 6.54% 5.76%
Weekly media advert. rent $510 $450
Time on Market 64.6 days 66.8 days
Gross Rental Yield Percent 2.06% 3.15%
demographics (median values)
Total Population
7772
Weekly Household Income
1284
Household Size
2.80
demographics
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