VIC/
Launching place

Suburb Profile

Launching Place - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3139

house

Property investments in LAUNCHING PLACE fare well against the rest of the country last year, registering a median home price increase of 12.64%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains LAUNCHING PLACE, 3139 saw average growth in the long term.

Real estate investors could earn a rental income of $333 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 21.0 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $490,000.

LAUNCHING PLACE ranks 267th on the list of best yielding suburbs for rental properties in VIC, posting a 3.53% return.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $490,000 N/A
GROWTH REPORT
Median Quarterly 2.73% N/A
Median 12 month 12.64% N/A
Median 3 years 45.19% N/A
Median 5 years 44.12% N/A
10 years average annual 5.91% N/A
Weekly media advert. rent $333 N/A
Time on Market 21.0 days N/A
Gross Rental Yield Percent 3.53% N/A
demographics (median values)
Total Population
2597
Weekly Household Income
1019
Household Size
2.90
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Launching Place, VIC
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