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Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $635,000.
The upward trend in home prices in GLADSTONE PARK, 3043 averaged 6.6% per annum over a 3-year period.
Average weekly rents on listings have reached the $420 mark, reflecting a 3.44% increase in returns based on the current median price in GLADSTONE PARK.
An average of 7.58 real estate transactions take place per month in GLADSTONE PARK which translates to 91 per annum.
91 properties were sold in GLADSTONE PARK in 2016, making it the 30th most active market in VIC based on total real estate transactions.
GLADSTONE PARK, 3043 places 379th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $635,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 1.2% | N/A |
| Median 12 month | 0.79% | N/A |
| Median 3 years | 19.81% | N/A |
| Median 5 years | 52.46% | N/A |
| 10 years average annual | 6.37% | N/A |
| Weekly media advert. rent | $420 | N/A |
| Time on Market | 30.9 days | N/A |
| Gross Rental Yield Percent | 3.44% | N/A |
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