How Much Of The Housing Market Can You Afford?
Aussies can no longer rely on their incomes and savings alone to fund a property purchase, as prices soar and incomes st...
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 $1,863,000.
The upward trend in home prices in PARK ORCHARDS, 3114 averaged 9.49% per annum over a 3-year period.
Average weekly rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in PARK ORCHARDS.
An average of 3.33 real estate transactions take place per month in PARK ORCHARDS which translates to 40 per annum.
40 properties were sold in PARK ORCHARDS in 2016, making it the 268th most active market in VIC based on total real estate transactions.
PARK ORCHARDS, 3114 places 141st in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||9.59%||N/A|
|Median 3 years||28.48%||N/A|
|Median 5 years||48.74%||N/A|
|10 years average annual||7.68%||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||71.8 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|