Property investors have seen a -24.87% drop in PARKVILLE based on a decrease in median home prices for the past three months.
Homeowners and real estate investors betting on PARKVILLE, 3052 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 30.23%.
Based on its average 5-year and quarterly capital gains PARKVILLE, 3052 saw average growth in the long term.
The VIC 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 $2,025,000
Profits averaged 18.99% per annum over a 3-year period, due to an upward trend in home prices in PARKVILLE, 3052.
This means, real estate investors could earn a rental income of $775 based on current median home prices for the suburb.
The gross rental yield in PARKVILLE, 3052 is 1.99%.
An average of 2.33 real estate transactions take place per month in PARKVILLE which translates to 28 per annum.
Property investments in PARKVILLE did not fare well against the rest of the country last year, registering a median home price decrease of -7.37%.
Figures from the previous quarter show that capital gains for real estate buyers in PARKVILLE are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains PARKVILLE, 3052 saw average decrease in the long term.
This means, real estate investors could earn a rental income of $420 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In PARKVILLE, homes and units usually stay on listing for an average of 85.5 days.
the VIC 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 $501,500
Investors saw the median home price rise to $501,500.
PARKVILLE ranks 129th on the list of best yielding suburbs for rental properties in VIC, posting a 4.35% return.
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