Property Market Update: Melbourne, December 2021
Melbourne capped off a bumpy 2021 with double-digit annual growth, triumphing over gloomy start-of-the-year forecasts. H...
The suburb’s capital gain of 15.16% for the past year is higher than average compared to its 31.55% growth within a five-year period.
Also in BLACKBURN, the median home price is sitting at $1,595,000, and the average rent at $475, this suggests property owners could potentially earn a 1.55% increase in gross rental yield.
Property investors have seen a 4.42% gain in BLACKBURN based on an increase in median home prices for the past three months.
They believe that homeowners and real estate investors betting on BLACKBURN, 3130 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 15.16%.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 7.83% growth over a ten-year period. It ranks 808th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||15.16%||3.95%|
|Median 3 years||18.5%||17.4%|
|Median 5 years||31.55%||23.35%|
|10 years average annual||7.83%||5.15%|
|Weekly media advert. rent||$475||$390|
|Time on Market||64.9 days||70.9 days|
|Gross Rental Yield Percent||1.55%||2.59%|