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AREA REPORTS

Lower Plenty

Suburb Profile

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

house
unit

Property investors have seen a -1.78% 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 $992,000

Profits averaged 1.42% 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 $525 based on current median home prices for the suburb.

The gross rental yield in LOWER PLENTY, 3093 is 2.75%.

An average of 2.67 real estate transactions take place per month in LOWER PLENTY which translates to 32 per annum.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $992,000 $612,000
GROWTH REPORT
Median Quarterly -1.78% 0.33%
Median 12 month -5.97% 18.83%
Median 3 years 4.26% 9.09%
Median 5 years 32.27% 25.15%
10 years average annual 4.33% 5.49%
Weekly media advert. rent $525 $400
Time on Market 89.2 days 63.5 days
Gross Rental Yield Percent 2.75% 3.4%
demographics (median values)
Total Population
3939
Weekly Household Income
1309
Household Size
2.60
demographics
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