What rent, values look like under Labor: New modelling
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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 $630,500.
The upward trend in home prices in GLADSTONE PARK, 3043 averaged 12.36% per annum over a 3-year period.
Average weekly rents on listings have reached the $410 mark, reflecting a 3.38% increase in returns based on the current median price in GLADSTONE PARK.
An average of 8.75 real estate transactions take place per month in GLADSTONE PARK which translates to 105 per annum.
105 properties were sold in GLADSTONE PARK in 2016, making it the 730th most active market in VIC based on total real estate transactions.
GLADSTONE PARK, 3043 places 390th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $630,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -1.48% | N/A |
| Median 12 month | -2.25% | N/A |
| Median 3 years | 37.07% | N/A |
| Median 5 years | 59.62% | N/A |
| 10 years average annual | 7.34% | N/A |
| Weekly media advert. rent | $410 | N/A |
| Time on Market | 30.6 days | N/A |
| Gross Rental Yield Percent | 3.38% | N/A |
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