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Property investors have seen a 0.28% gain in GLEN IRIS based on an increase 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 $1,802,500
Profits averaged -0.41% per annum over a 3-year period, due to an downward 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 2.16%.
An average of 18.58 real estate transactions take place per month in GLEN IRIS which translates to 223 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,802,500 | $655,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0.28% | -2.66% |
| Median 12 month | -6.36% | -10.03% |
| Median 3 years | -1.23% | 2.07% |
| Median 5 years | 30.4% | 9.9% |
| 10 years average annual | 7.4% | 4.86% |
| Weekly media advert. rent | $750 | $440 |
| Time on Market | 49.0 days | 49.4 days |
| Gross Rental Yield Percent | 2.16% | 3.49% |
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