Research

POSTAL CODE: VIC, 3095

HOUSE

A steady increase in median property prices over a five-year period in the suburb translates to a -8.35% 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 $1,400,000

The augmented property values in the suburb are trailing above the territorial average of 3.22% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of N/A.

Home owners selling their properties and realtors in RESEARCH usually have to wait an average of 59.2 days days before their assets are lifted off the market.

The VIC suburb ranks 702nd on the list of best yielding suburbs for rental properties in VIC, posting a N/A return.

It also places places 470th in Australia based on median property value growth during the quarter.

Surburb overview

Research is a suburb approximately 24 kilometres north-east of Melbourne's Central Business District.

According to the 2021 census, Research has 2,695 residents. Families predominantly occupy the area, with many households comprising couples with children. The median age of residents is 41, indicating a mature community.

Public transportation in Research includes bus services that connect the suburb to surrounding areas and Melbourne's broader transit network. The suburb's infrastructure supports commuting to the city and neighbouring localities.

Essential establishments in Research include educational institutions such as Research Primary School and Eltham College, which offer primary and secondary education options. The suburb also offers recreational facilities, including the Research Football Club, Tennis Club, and Eltham Little Theatre, which cater to various interests.

Research supports recreational activities well, with numerous parks and reserves offering residents opportunities for outdoor pursuits. The area's natural environment, characterised by Eucalyptus and Melaleuca trees, provides a habitat for diverse flora and fauna, enhancing the suburb's appeal to nature enthusiasts.

Research's educational facilities, recreational options, and natural surroundings contribute to its distinctive character within Melbourne's northern suburbs.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,400,000	N/A
Growth Report
Median Quarterly	0.5%	N/A
Median 12 month	18.14%	N/A
Median 3 years	-8.35%	N/A
Median 5 years	11.11%	N/A
10 years average annual	9.83%	N/A
Weekly media advert. rent	N/A	N/A
Time on Market	59.2 days	N/A
Gross Rental Yield Percent	0%	N/A

Demographics (Median Values)*

Total Population 27771

Weekly Household Income 2150

Household Size 2.90

Average Age 41

Monthly Loan Repayment 2000

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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