Top tips for preparing a home for sale
In an active seller’s market, how can home owners make their properties shine and ultimately maximise profits? ...
Property investors enjoyed capital gains of 7.64% over the last 12 months in MILL PARK, translating to lower returns compared with its peers in VIC.
A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 5.4% growth over a ten-year period. It ranks 1328th on our list of suburbs that property investors should look into.
MILL PARK, 3082 has a capital gain of 7.64% for the past year, which is lower than average compared to its 46.5% growth within a five-year period.
With the median home price in MILL PARK sitting at $690,000, and the average rent at $390, property owners could potentially earn a 2.94% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in MILL PARK are low, as opposed to average gains per annum over the past five years.
MILL PARK, 3082 in VIC belongs to the local government area of Whittlesea (C).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $690,000 | $465,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0.58% | -1.06% |
| Median 12 month | 7.64% | 5.2% |
| Median 3 years | 3.76% | 5.08% |
| Median 5 years | 46.5% | 21.65% |
| 10 years average annual | 5.4% | 3.34% |
| Weekly media advert. rent | $390 | $350 |
| Time on Market | 49.0 days | 51.6 days |
| Gross Rental Yield Percent | 2.94% | 3.91% |
In an active seller’s market, how can home owners make their properties shine and ultimately maximise profits? ...
Property prices across the country rose at the fastest rate in 17 years, with Sydney leading the charge. While the housing market boom is di...
Rental demand saw a significant decline in 2020 as COVID-19 impacted the property market. Is the tide about to turn? ...
More than one in three home owners are planning to sell their house over the next five years as Aussies increasingly look to purchase a n...
The Mosman home of missing iProsperity executive Harry Zhou Xiang Huang sold on Saturday for over $10 million, becoming the top reported Syd...
It would take women an additional 10 months to save for a 20 per cent deposit on the median Australian dwelling value as at January 2021. ...
Get notifications in real-time for staying up to date with content that matters to you.
