REDBANK PLAINS 
2 MIN READThe 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...
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Lower PlentyLower Plenty - SUBURB PROFILE REPORT
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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 Price | $1,250,000 | $627,250 |
| GROWTH REPORT | ||
| Median Quarterly | -5.37% | 1.99% |
| 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% |
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