Property market update: Melbourne, April 2020
Several weeks after lockdown measures have been passed due to the ongoing COVD-19 pandemic, how is the Melbourne property market faring in t...
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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 5.99% growth over a ten-year period. It ranks 1168th on our list of suburbs that property investors should look into.
BULLEEN, 3105 in VIC belongs to the local government area of Manningham (C).
BULLEEN, 3105 has a capital gain of -7.54% for the past year, which is lower than average compared to its 27.02% growth within a five-year period.
With the median home price in BULLEEN sitting at $1,109,500, and the average rent at $500, property owners could potentially earn a 2.34% 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.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,109,500 | $585,500 |
| GROWTH REPORT | ||
| Median Quarterly | 2.73% | 0.43% |
| Median 12 month | -7.54% | -8.52% |
| Median 3 years | -5.17% | -26.4% |
| Median 5 years | 27.02% | 3.63% |
| 10 years average annual | 5.99% | 2.14% |
| Weekly media advert. rent | $500 | $479.5 |
| Time on Market | 48.3 days | 37.6 days |
| Gross Rental Yield Percent | 2.34% | 4.26% |
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