How Much Of The Housing Market Can You Afford?
Aussies can no longer rely on their incomes and savings alone to fund a property purchase, as prices soar and incomes st...
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 $1,546,000
Profits averaged -13.89% per annum over a 3-year period, due to an downward trend in home prices in PARKVILLE, 3052.
This means, real estate investors could earn a rental income of $875 based on current median home prices for the suburb.
The gross rental yield in PARKVILLE, 3052 is 2.94%.
An average of 0.92 real estate transactions take place per month in PARKVILLE which translates to 11 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-8.52%||5.1%|
|Median 3 years||-41.66%||-0.77%|
|Median 5 years||25.01%||1.68%|
|10 years average annual||7.58%||-0.06%|
|Weekly media advert. rent||$875||$400|
|Time on Market||0.0 days||96.1 days|
|Gross Rental Yield Percent||2.94%||4.04%|