Australia’s most popular rental suburbs revealed
Tenants should brace themselves for rental price hikes as tightening vacancy rates continue across the country, new research has revealed. ...
A steady increase in median property prices over a five-year period in the suburb translates to a 1.85% capital gain.
It 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 $906,500
The augmented property values in the suburb are trailing behind the territorial average of 7.64% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $480.
Home owners selling their properties and realtors in MONTMORENCY usually have to wait an average of 51.2 days days before their assets are lifted off the market.
The VIC suburb ranks 407th on the list of best yielding suburbs for rental properties in VIC, posting a 2.75% return.
It also places places 410th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||7.28%||11.17%|
|Median 3 years||1.85%||9.6%|
|Median 5 years||25.9%||35.63%|
|10 years average annual||4.99%||5.1%|
|Weekly media advert. rent||$480||$430|
|Time on Market||51.2 days||45.3 days|
|Gross Rental Yield Percent||2.75%||3.05%|
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