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Property investors have seen a -0.34% drop in GLEN IRIS based on a decrease in median home prices for the past three months.
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 $1,998,750
Profits averaged 7.38% 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 $750 based on current median home prices for the suburb.
The gross rental yield in GLEN IRIS, 3146 is 1.95%.
An average of 19.25 real estate transactions take place per month in GLEN IRIS which translates to 231 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,998,750 | $678,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.34% | 3.51% |
| Median 12 month | 0.44% | 11.15% |
| Median 3 years | 22.14% | 20.21% |
| Median 5 years | 65.87% | 30.38% |
| 10 years average annual | 7.42% | 5.18% |
| Weekly media advert. rent | $750 | $425 |
| Time on Market | 55.5 days | 60.0 days |
| Gross Rental Yield Percent | 1.95% | 3.26% |
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