Powered by MOMENTUM MEDIA
AREA REPORTS

Lower Plenty

Suburb Profile

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

house
unit

Property investors have seen a 2.53% 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 $974,000

Profits averaged 2.15% 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 2.91%.

An average of 2.58 real estate transactions take place per month in LOWER PLENTY which translates to 31 per annum.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $974,000 $610,000
GROWTH REPORT
Median Quarterly 2.53% 8.93%
Median 12 month 3.07% 17.87%
Median 3 years 6.45% 10.81%
Median 5 years 37.18% 29.84%
10 years average annual 5.47% 6.03%
Weekly media advert. rent $545 $400
Time on Market 68.3 days 71.0 days
Gross Rental Yield Percent 2.91% 3.41%
demographics (median values)
Total Population
3939
Weekly Household Income
1309
Household Size
2.60
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

Responsible lending

Responsible lending leeway ‘put to the test’ by COVID-19

The COVID-19 crisis will bring to light the effectiveness of principles-based responsible lending guidance, according to ASIC chair James Sh...

Property market

Property market update: Sydney, April 2020

After several weeks of lockdown measures and the beginning of a gradual easing into a “new normal”, how will Sydney – one of Australia...

Auction preliminary clearance rate

Auction preliminary clearance rate back above 70%

The week concluding 24 May has seen the highest preliminary auction clearance for the combined capital cities since early March. ...

Tradesman fined over building project work

Tradesman fined over building project work

A Perth tradesman has been fined after pleading guilty to carrying out work on a building project without adequate registration. ...

$50K boost on the cards for new property purchasers

A radical plan to kickstart economic recovery post-COVID-19 could see Australians handed $50,000 for buying a new home. ...

Mathew Tiller

Stamp duty plan required to boost confidence

In the race to reach the post-COVID recovery stage as quickly as possible, the necessity is to bring confidence back, writes Mathew Tiller. ...

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.