VIC/
Lower plenty

Suburb Profile

Lower Plenty - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3093

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unit

Property investors have seen a 1.92% gain in LOWER PLENTY based on an increase in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains LOWER PLENTY, 3093 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 $982,500

Profits averaged 13.45% per annum over a 3-year period, due to an upward trend in home prices in LOWER PLENTY, 3093.

This means, real estate investors could earn a rental income of $405 based on current median home prices for the suburb.

The gross rental yield in LOWER PLENTY, 3093 is 2.14%.

An average of 2 real estate transactions take place per month in LOWER PLENTY which translates to 24 per annum.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $982,500 $550,000
GROWTH REPORT
Median Quarterly 1.92% 4.56%
Median 12 month 7.97% 1.85%
Median 3 years 40.36% 17.07%
Median 5 years 62.4% 45.12%
10 years average annual 7.65% 5.65%
Weekly media advert. rent $405 $365
Time on Market 37.5 days 42.3 days
Gross Rental Yield Percent 2.14% 3.45%
demographics (median values)
Total Population
3939
Weekly Household Income
1309
Household Size
2.60
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Lower Plenty, VIC
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