Australia’s most popular rental suburbs revealed
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Property investors have seen a 12.98% gain in WANDIN NORTH based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on WANDIN NORTH, 3139 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 17.46%.
Based on its average 5-year and quarterly capital gains WANDIN NORTH, 3139 saw average growth in the long term.
The VIC 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 $740,000
Profits averaged 2.6% per annum over a 3-year period, due to an upward trend in home prices in WANDIN NORTH, 3139.
This means, real estate investors could earn a rental income of $440 based on current median home prices for the suburb.
The gross rental yield in WANDIN NORTH, 3139 is 3.09%.
An average of 1.92 real estate transactions take place per month in WANDIN NORTH which translates to 23 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $740,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 12.98% | N/A |
| Median 12 month | 17.46% | N/A |
| Median 3 years | 7.79% | N/A |
| Median 5 years | 52.58% | N/A |
| 10 years average annual | 7.25% | N/A |
| Weekly media advert. rent | $440 | N/A |
| Time on Market | 29.2 days | N/A |
| Gross Rental Yield Percent | 3.09% | N/A |
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