VIC/
Strathmore

Suburb Profile

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

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unit

Property investors have seen a 0.78% 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 $1,230,000

Profits averaged 14.9% 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 $520 based on current median home prices for the suburb.

The gross rental yield in STRATHMORE, 3041 is 2.2%.

An average of 8.42 real estate transactions take place per month in STRATHMORE which translates to 101 per annum.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,230,000 $646,000
GROWTH REPORT
Median Quarterly 0.78% -4.15%
Median 12 month 7.89% 15.56%
Median 3 years 44.71% 4.19%
Median 5 years 54.72% 14.64%
10 years average annual 7.75% 5.6%
Weekly media advert. rent $520 $390
Time on Market 45.8 days 42.6 days
Gross Rental Yield Percent 2.2% 3.14%
demographics (median values)
Total Population
7772
Weekly Household Income
1284
Household Size
2.80
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Strathmore, VIC
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