Metro Melbourne Surpasses $1m Mark For The First Time
While it has lagged behind other capital cities in post-pandemic recovery, Melbourne has now cemented its resilience, re...
Property investors have seen a 2.22% gain in KINGSBURY based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on KINGSBURY, 3083 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 12.93%.
Based on its average 5-year and quarterly capital gains KINGSBURY, 3083 saw average growth in the long term.
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 $736,000
Profits averaged 0.8% per annum over a 3-year period, due to an upward trend in home prices in KINGSBURY, 3083.
This means, real estate investors could earn a rental income of $370 based on current median home prices for the suburb.
The gross rental yield in KINGSBURY, 3083 is 2.61%.
An average of 1.92 real estate transactions take place per month in KINGSBURY which translates to 23 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||12.93%||0.09%|
|Median 3 years||2.4%||30.48%|
|Median 5 years||33.82%||39.8%|
|10 years average annual||4.2%||1.97%|
|Weekly media advert. rent||$370||$350|
|Time on Market||0.0 days||0.0 days|
|Gross Rental Yield Percent||2.61%||3.32%|