Homeowners and real estate investors betting on LOWER PLENTY, 3093 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 13.17%.
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 $945,000
Profits averaged 13.68% 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 $370 based on current median home prices for the suburb.
The gross rental yield in LOWER PLENTY, 3093 is 2.04%.
An average of 2.33 real estate transactions take place per month in LOWER PLENTY which translates to 28 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||13.17%||4.32%|
|Median 3 years||41.04%||18.44%|
|Median 5 years||61.51%||33.11%|
|10 years average annual||6.06%||5.67%|
|Weekly media advert. rent||$370||$345|
|Time on Market||0.0 days||38.6 days|
|Gross Rental Yield Percent||2.04%||3.53%|