Why these suburbs are faring better than others as prices fall
New data points to which suburbs with the largest average land sizes in each capital city are bucking against general property market trends...
Based on its average 5-year and quarterly capital gains WATTLE GLEN, 3096 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that WATTLE GLEN, 3096 obtained a 6.08% growth over a ten-year period. It ranks 1352nd on our list of suburbs that property investors should look into.
WATTLE GLEN, 3096 in VIC belongs to the local government area of Nillumbik (S).
WATTLE GLEN, 3096 has a capital gain of 32.23% for the past year, which is higher than average compared to its 68.42% growth within a five-year period.
Figures from the previous quarter show that capital gains for real estate buyers in WATTLE GLEN are low, as opposed to average gains per annum over the past five years.
A 32.23% increase in median property prices in WATTLE GLEN, 3096 has allowed this suburb to join the ranks of best performing suburbs in VIC, settling at number 9th.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $800,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 1.78% | N/A |
| Median 12 month | 32.23% | N/A |
| Median 3 years | 40.6% | N/A |
| Median 5 years | 68.42% | N/A |
| 10 years average annual | 6.08% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 48.0 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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