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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 $1,200,000.
The upward trend in home prices in DONCASTER EAST, 3109 averaged 3.03% per annum over a 3-year period.
Average weekly rents on listings have reached the $550 mark, reflecting a 2.38% increase in returns based on the current median price in DONCASTER EAST.
An average of 20.17 real estate transactions take place per month in DONCASTER EAST which translates to 242 per annum.
242 properties were sold in DONCASTER EAST in 2016, making it the 387th most active market in VIC based on total real estate transactions.
DONCASTER EAST, 3109 places 578th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,200,000 | $630,000 |
| GROWTH REPORT | ||
| Median Quarterly | -5.88% | 0.17% |
| Median 12 month | -11.18% | 0.8% |
| Median 3 years | 9.09% | -7.76% |
| Median 5 years | 51.99% | 6.96% |
| 10 years average annual | 8.23% | 3.95% |
| Weekly media advert. rent | $550 | $460 |
| Time on Market | 51.4 days | 61.7 days |
| Gross Rental Yield Percent | 2.38% | 3.8% |
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