Is the regional trend coming to an end?
The regional trend could be coming to an end as new figures reveal that monthly capital city price growth has outpaced regional price growth...
Property investors enjoyed capital gains of 29.65% over the last 12 months in DEEPDENE, translating to lower returns compared with its peers in VIC.
A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 6.53% growth over a ten-year period. It ranks 717th on our list of suburbs that property investors should look into.
DEEPDENE, 3103 has a capital gain of 29.65% for the past year, which is higher than average compared to its 22.2% growth within a five-year period.
With the median home price in DEEPDENE sitting at $3,275,000, and the average rent at $915, property owners could potentially earn a 1.45% increase in gross rental yield.
A 29.65% increase in median property prices in DEEPDENE, 3103 has allowed this suburb to join the ranks of best performing suburbs in VIC, settling at number 18th.
Figures from the previous quarter show that capital gains for real estate buyers in DEEPDENE are low, as opposed to average gains per annum over the past five years.
DEEPDENE, 3103 in VIC belongs to the local government area of Boroondara (C).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $3,275,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0% | N/A |
| Median 12 month | 29.65% | N/A |
| Median 3 years | 18.66% | N/A |
| Median 5 years | 22.2% | N/A |
| 10 years average annual | 6.53% | N/A |
| Weekly media advert. rent | $915 | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | 1.45% | N/A |
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