TEMPLESTOWE, 3106 ranks 1783rd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 6.62% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb 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 $1,410,000.
The upward trend in home prices in TEMPLESTOWE, 3106 averaged 13.9% per annum over a 3-year period.
Average weekly rents on listings have reached the $600 mark, reflecting a 2.21% increase in returns based on the current median price in TEMPLESTOWE.
An average of 14.17 real estate transactions take place per month in TEMPLESTOWE which translates to 170 per annum.
170 properties were sold in TEMPLESTOWE in 2016, making it the 512th most active market in VIC based on total real estate transactions.
TEMPLESTOWE, 3106 places 452nd in Australia based on median property value growth during the quarter.
The suburb 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 $845,000.
Average median unit prices in VIC have risen as a whole, pulling TEMPLESTOWE, 3106 values up and netting property investors a capital gain of 26.12% for the past year.
Investors saw the median home price rise to $845,000.
The upward trend in home prices in TEMPLESTOWE, 3106 averaged 7.49% per annum over a 3-year period.
TEMPLESTOWE now ranks at the 21st place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in TEMPLESTOWE are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $460 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In TEMPLESTOWE, homes and units usually stay on listing for an average of 61.9 days.
53 properties were sold in TEMPLESTOWE in 2016, making it the 87th most active market in VIC based on total real estate transactions.
Great Blog! Very interesting and helpful...
It’s a dud, Andrews and Airbnb...
You must rent short stay apartments, you...
Independent Financial Adviser
Real Estate Business
Smart Property Investment
Which Investment Property
Australian Law Awards
Corporate Counsel Awards
30 Under Thirty
Partner of the Year
Women in Law
Better Business Summit
Australian Broking Awards
New Broker Academy
Bootcamp SME Broker
Australian Accounting Awards
ifa Excellence Awards
Women in Finance Awards
Adviser Innovation Summit
Tax & Legal