Homeowners and real estate investors betting on PASCOE VALE SOUTH, 3044 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 11.49%.
A steady increase in median property prices over a five-year period in the suburb translates to a 38.57% capital gain.
Property investors in PASCOE VALE SOUTH enjoyed capital gains of 11.49% over the last 12 months translating to lower returns compared with its peers in the territory.
The 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 $970,000.
Profits due to an upward trend in home prices there averaged 12.86% per annum over a 3-year period.
Home owners selling their properties and realtors in PASCOE VALE SOUTH usually have to wait an average of 41.7 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $450 mark, reflecting a 2.41% increase in returns based on the current median price in PASCOE VALE SOUTH.
PASCOE VALE SOUTH, 3044 places 467th in Australia based on median property value growth during the quarter.
Property investors in PASCOE VALE SOUTH enjoyed capital gains of 26.93% over the last 12 months translating to lower returns compared with its peers in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in PASCOE VALE SOUTH are low, as opposed to average gains per annum over the past five years.
PASCOE VALE SOUTH posted a 47.7% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
Real estate investors could earn a rental income of $399 based on current median home prices for the suburb.
Average weekly rents on listings have reached the $399 mark, reflecting a 3.19% increase in returns based on the current median price in PASCOE VALE SOUTH.
PASCOE VALE SOUTH, 3044 ranks 21st in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
PASCOE VALE SOUTH ranks 303rd on the list of best yielding suburbs for rental properties in VIC, posting a 3.19% return.
great article Cate Bakos!
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