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Princes Hill
AREA REPORTS

Princes Hill

Princes Hill - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3054

house

Property investments in PRINCES HILL did not fare well against the rest of the country last year, registering a median home price decrease of 12%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are high, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains PRINCES HILL, 3054 saw average growth in the long term.

Real estate investors could earn a rental income of $690 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 0.0 days.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $1,862,000.

PRINCES HILL ranks 534th on the list of best yielding suburbs for rental properties in VIC, posting a 1.93% return.

Data report can be found below

Princes Hill
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,862,000 N/A
GROWTH REPORT
Median Quarterly 10.14% N/A
Median 12 month 12% N/A
Median 3 years 9.05% N/A
Median 5 years 35.81% N/A
10 years average annual 8.33% N/A
Weekly media advert. rent $690 N/A
Time on Market 0.0 days N/A
Gross Rental Yield Percent 1.93% N/A
demographics (median values)*
Total Population
8428
Weekly Household Income
1991
Household Size
2.30
Age
33
Monthly Loan Repayment
2167
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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