Based on its average 5-year and quarterly capital gains BULLEEN, 3105 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 BULLEEN, 3105 obtained a 7.96% growth over a ten-year period. It ranks 561st on our list of suburbs that property investors should look into.
BULLEEN, 3105 in VIC belongs to the local government area of Manningham.
BULLEEN, 3105 has a capital gain of 6.79% for the past year, which is lower than average compared to its 83.23% growth within a five-year period.
With the median home price in BULLEEN sitting at $1,289,000, and the average rent at $460, property owners could potentially earn a 1.86% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in BULLEEN are low, as opposed to average gains per annum over the past five years.
A steady increase in median property prices over a five-year period in BULLEEN, 3105 translates to a 41.06% capital gain.
Property investors enjoyed capital gains of 3.78% over the last 12 months in BULLEEN, translating to lower returns compared with its peers in VIC.
BULLEEN, 3105 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 $797,000.
Profits due to an upward trend in home prices in BULLEEN, 3105 averaged 13.69% per annum over a 3-year period.
Home owners selling their properties and realtors in BULLEEN usually have to wait an average of 53.0 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $400 mark, reflecting a 2.61% increase in returns based on the current median price in BULLEEN.
BULLEEN, 3105 places 137th in Australia based on median property value growth during the quarter.