AREA REPORTS

Princes Hill

 

 

VIC/
Princes hill

Suburb Profile

Princes Hill - FREE 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 -2.59%.

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 PRINCES HILL, 3054 saw average growth in the long term.

Real estate investors could earn a rental income of $740 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 83.6 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 $1,690,000.

PRINCES HILL ranks 572nd on the list of best yielding suburbs for rental properties in VIC, posting a 2.28% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,690,000 N/A
GROWTH REPORT
Median Quarterly 4.97% N/A
Median 12 month -2.59% N/A
Median 3 years 32.03% N/A
Median 5 years 38.95% N/A
10 years average annual 8.42% N/A
Weekly media advert. rent $740 N/A
Time on Market 83.6 days N/A
Gross Rental Yield Percent 2.28% N/A
demographics (median values)
Total Population
2104
Weekly Household Income
1197
Household Size
2.30
demographics
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