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Lower Plenty
AREA REPORTS

Lower Plenty

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

house
unit

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.

Data report can be found below

Lower Plenty
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%
demographics (median values)*
Total Population
3891
Weekly Household Income
1822
Household Size
2.60
Age
43
Monthly Loan Repayment
2054
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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