Government urged to provide stimulus for building sector
As the nation recovers from the COVID-19 pandemic, property professionals urge the federal government to provide a stimulus package for the ...
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Property investments in STRATHMORE HEIGHTS did not fare well against the rest of the country last year, registering a median home price decrease of -9.47%.
Based on its average 5-year and quarterly capital gains STRATHMORE HEIGHTS, 3041 saw average growth in the long term.
Real estate investors could earn a rental income of $454 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 0.0 days.
Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $788,500.
STRATHMORE HEIGHTS ranks 440th on the list of best yielding suburbs for rental properties in VIC, posting a 2.99% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $788,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -10.4% | N/A |
| Median 12 month | -9.47% | N/A |
| Median 3 years | -1.44% | N/A |
| Median 5 years | N/A | N/A |
| 10 years average annual | 4.21% | N/A |
| Weekly media advert. rent | $454 | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | 2.99% | N/A |
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