Property investors have seen a 3.85% gain in LOWER PLENTY based on an increase in median home prices for the past three months.
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 24.34%.
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 $945,000
Profits averaged 14% 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 $440 based on current median home prices for the suburb.
The gross rental yield in LOWER PLENTY, 3093 is 2.42%.
An average of 2.67 real estate transactions take place per month in LOWER PLENTY which translates to 32 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||24.34%||16.05%|
|Median 3 years||42%||36.4%|
|Median 5 years||58.16%||47.93%|
|10 years average annual||6.36%||8.66%|
|Weekly media advert. rent||$440||$345|
|Time on Market||60.9 days||39.7 days|
|Gross Rental Yield Percent||2.42%||3.18%|