KOOYONG, 3144 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 $2,753,944.
Profits due to an upward trend in home prices in the suburb averaged 32.95% per annum over a 3-year period.
Because of this real estate investors could earn a rental income of $1062.5 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In KOOYONG, homes and units usually stay on listing for an average of 0.0 days.
In 2016, 12 properties were sold in KOOYONG during the past year, making it the 641st most active market in VIC based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $2,753,944 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | N/A | N/A |
| Median 12 month | -15.91% | N/A |
| Median 3 years | 98.84% | N/A |
| Median 5 years | N/A | N/A |
| 10 years average annual | 5.61% | N/A |
| Weekly media advert. rent | $1062.5 | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | 2.01% | N/A |
There is a threshold for the land value...
Hi Ho Ping
Thank you for your comments....
You are perhaps one of the few comment...