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 $1,859,000.
The upward trend in home prices in EAGLEMONT, 3084 averaged 11.57% per annum over a 3-year period.
Average weekly rents on listings have reached the $595 mark, reflecting a 1.66% increase in returns based on the current median price in EAGLEMONT.
An average of 3.92 real estate transactions take place per month in EAGLEMONT which translates to 47 per annum.
47 properties were sold in EAGLEMONT in 2016, making it the 193rd most active market in VIC based on total real estate transactions.
EAGLEMONT, 3084 places 570th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||3.85%||N/A|
|Median 3 years||34.71%||N/A|
|Median 5 years||41.8%||N/A|
|10 years average annual||7.17%||N/A|
|Weekly media advert. rent||$595||N/A|
|Time on Market||51.8 days||N/A|
|Gross Rental Yield Percent||1.66%||N/A|