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 $1,791,000.
The upward trend in home prices in EAGLEMONT, 3084 averaged 5.94% per annum over a 3-year period.
Average weekly rents on listings have reached the $610 mark, reflecting a 1.77% increase in returns based on the current median price in EAGLEMONT.
An average of 2.83 real estate transactions take place per month in EAGLEMONT which translates to 34 per annum.
34 properties were sold in EAGLEMONT in 2016, making it the 283rd most active market in VIC based on total real estate transactions.
EAGLEMONT, 3084 places 583rd in Australia based on median property value growth during the quarter.
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 $740,000.
Investors saw the median home price rise to $740,000.
The downward trend in home prices in EAGLEMONT, 3084 averaged -3.07% per annum over a 3-year period.
EAGLEMONT now ranks at the 27th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in EAGLEMONT are high, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $470 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In EAGLEMONT, homes and units usually stay on listing for an average of 0.0 days.
11 properties were sold in EAGLEMONT in 2016, making it the 374th most active market in VIC based on total real estate transactions.
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