How to win the battle of control with the banks
Of around 25 million Australians, 2.2 million own one investment property, 460,000 own two, and around 19,000 own more than six. From this...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The 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 $1,595,000.
The upward trend in home prices in ALPHINGTON, 3078 averaged 8.86% per annum over a 3-year period.
Average weekly rents on listings have reached the $750 mark, reflecting a 2.45% increase in returns based on the current median price in ALPHINGTON.
An average of 3.25 real estate transactions take place per month in ALPHINGTON which translates to 39 per annum.
39 properties were sold in ALPHINGTON in 2016, making it the 260th most active market in VIC based on total real estate transactions.
ALPHINGTON, 3078 places 197th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,595,000 | $711,500 |
| GROWTH REPORT | ||
| Median Quarterly | 2.9% | -4.24% |
| Median 12 month | -5.02% | -5.76% |
| Median 3 years | 26.59% | 8.63% |
| Median 5 years | 26.34% | 15.69% |
| 10 years average annual | 5.9% | 6.05% |
| Weekly media advert. rent | $750 | $412.5 |
| Time on Market | 125.7 days | 72.6 days |
| Gross Rental Yield Percent | 2.45% | 3.01% |
Of around 25 million Australians, 2.2 million own one investment property, 460,000 own two, and around 19,000 own more than six. From this...
Melbourne’s stage 4 restrictions have been weighing heavily on the national economy following the recent COVID-19 outbreak around the worl...
While the Sunshine State has closed its borders to travelers from other states due to the escalation of the COVID-19 pandemic, Archers the S...
It’s been an interesting week from an economic standpoint, with COVID-19 placing even more pressure on the Aussie market: Here are the big...
Property listing prices across NSW and Victoria are trending downwards, with new research showing more and more discounts are on offer acro...
Despite an economic downturn brought about by the COVID-19 outbreak, Aussie seller satisfaction continues to increase nationwide – an indi...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
Copyright © 2020 Smart Property Investment