CAULFIELD EAST, 3145 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in VIC have risen as a whole, pulling CAULFIELD EAST, 3145 values up and netting property investors a capital gain of 12.35% for the past year.
Investors saw the median home price rise to $1,375,000.
Profits due to an upward trend in home prices in the suburb averaged 16.49% per annum over a 3-year period.
CAULFIELD EAST now ranks at the 210th place on a list of fastest growing suburbs in the territory.
Because of this real estate investors could earn a rental income of $531 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 CAULFIELD EAST, homes and units usually stay on listing for an average of 0.0 days.
In 2016, 11 properties were sold in CAULFIELD EAST during the past year, making it the 697th most active market in VIC based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||12.35%||0.26%|
|Median 3 years||49.46%||-10.91%|
|Median 5 years||N/A||23.04%|
|10 years average annual||11.59%||9.25%|
|Weekly media advert. rent||$531||$394.5|
|Time on Market||0.0 days||0.0 days|
|Gross Rental Yield Percent||2.01%||4.19%|