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Glen IrisGlen Iris - SUBURB PROFILE REPORT
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Property investors have seen a 6.67% gain in GLEN IRIS based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on GLEN IRIS, 3146 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 17.67%.
Based on its average 5-year and quarterly capital gains GLEN IRIS, 3146 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 $2,480,000
Profits averaged 11.84% per annum over a 3-year period, due to an upward trend in home prices in GLEN IRIS, 3146.
This means, real estate investors could earn a rental income of $800 based on current median home prices for the suburb.
The gross rental yield in GLEN IRIS, 3146 is 1.68%.
An average of 25.5 real estate transactions take place per month in GLEN IRIS which translates to 306 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $2,480,000 | $730,000 |
| GROWTH REPORT | ||
| Median Quarterly | 6.67% | -2.67% |
| Median 12 month | 17.67% | -6.41% |
| Median 3 years | 35.52% | -2.01% |
| Median 5 years | 31.36% | 10.63% |
| 10 years average annual | 7.8% | 3.48% |
| Weekly media advert. rent | $800 | $395 |
| Time on Market | 58.1 days | 73.7 days |
| Gross Rental Yield Percent | 1.68% | 2.81% |
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