Property investments in DALLAS fare well against the rest of the country last year, registering a median home price increase of 21.99%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains DALLAS, 3047 saw average growth in the long term.
Real estate investors could earn a rental income of $335 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 33.0 days.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $456,250.
DALLAS ranks 206th on the list of best yielding suburbs for rental properties in VIC, posting a 3.82% return.
DALLAS, 3047 ranks 153rd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 20.27% for property investors last year.
Average weekly rents on listings have reached the $317.5 mark, reflecting a 4.72% increase in returns based on the current median price in DALLAS.
An average of 2.25 real estate transactions take place per month in DALLAS which translates to 27 per annum.
27 properties were sold in DALLAS during the past year, making it the 196th most active market in VIC based on total real estate transactions.
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