REDBANK PLAINS 
1 MIN READDemand For Homes Stays High In 1 State While The Rest Fall Back
Rising interest rates have eased demand from potential buyers, which has been reflected in the slowing of home price gro...
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CanterburyCanterbury - SUBURB PROFILE REPORT
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Property investors enjoyed capital gains of 18.11% over the last 12 months in CANTERBURY, translating to lower returns compared with its peers in VIC.
Figures from the previous quarter show that capital gains for real estate buyers in CANTERBURY are low, as opposed to average gains per annum over the past five years.
The suburb posted a 38.36% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $900 based on current median home prices for the suburb.
On average, rents on listings have reached the $900 mark, reflecting a 1.42% increase in returns based on the current median price in CANTERBURY.
CANTERBURY, 3126 ranks 401st in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 591st on the list of best yielding suburbs for rental properties in VIC, posting a 1.42% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $3,300,000 | $1,135,000 |
| GROWTH REPORT | ||
| Median Quarterly | 1.54% | -0.26% |
| Median 12 month | 18.11% | 20.11% |
| Median 3 years | 38.36% | 30.87% |
| Median 5 years | 26.92% | 16.41% |
| 10 years average annual | 7.91% | 6.47% |
| Weekly media advert. rent | $900 | $477.25 |
| Time on Market | 82.1 days | 65.7 days |
| Gross Rental Yield Percent | 1.42% | 2.19% |
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