GLADSTONE PARK, 3043 ranks 234th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 24.85% for property investors.
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 $618,000.
The upward trend in home prices in GLADSTONE PARK, 3043 averaged 18.88% per annum over a 3-year period.
Average weekly rents on listings have reached the $380 mark, reflecting a 3.2% increase in returns based on the current median price in GLADSTONE PARK.
An average of 8.42 real estate transactions take place per month in GLADSTONE PARK which translates to 101 per annum.
101 properties were sold in GLADSTONE PARK in 2016, making it the 723rd most active market in VIC based on total real estate transactions.
GLADSTONE PARK, 3043 places 58th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||24.85%||N/A|
|Median 3 years||56.65%||N/A|
|Median 5 years||62.2%||N/A|
|10 years average annual||8.9%||N/A|
|Weekly media advert. rent||$380||N/A|
|Time on Market||21.5 days||N/A|
|Gross Rental Yield Percent||3.2%||N/A|