Property investors have seen a 3% 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 10.19%.
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 $1,184,500
Profits averaged 14.67% 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 2.41%.
An average of 8 real estate transactions take place per month in STRATHMORE which translates to 96 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||10.19%||9.93%|
|Median 3 years||44.01%||-5.32%|
|Median 5 years||48.06%||4.17%|
|10 years average annual||8.33%||5.19%|
|Weekly media advert. rent||$550||$415|
|Time on Market||57.4 days||62.1 days|
|Gross Rental Yield Percent||2.41%||3.68%|