The Property Policies Both Major Parties Are Peddling
Today’s (21 May) the last day for Australians to vote in the federal election. Here, we’ll be recapping the major pr...
Property investors have seen a -5.37% drop in LOWER PLENTY based on a decrease 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 $1,250,000
Profits averaged 9.08% 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 $545 based on current median home prices for the suburb.
The gross rental yield in LOWER PLENTY, 3093 is 2.27%.
An average of 3 real estate transactions take place per month in LOWER PLENTY which translates to 36 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||7.07%||-0.44%|
|Median 3 years||27.23%||14.05%|
|Median 5 years||39.51%||13.94%|
|10 years average annual||8.88%||4.98%|
|Weekly media advert. rent||$545||$400|
|Time on Market||45.9 days||33.3 days|
|Gross Rental Yield Percent||2.27%||3.32%|