Property investors have seen a 2.56% 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 $2,000,000
Profits averaged 8.93% 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 20.5 real estate transactions take place per month in GLEN IRIS which translates to 246 per annum.
Property investments in GLEN IRIS fare well against the rest of the country last year, registering a median home price increase of 10.92%.
Figures from the previous quarter show that capital gains for real estate buyers in GLEN IRIS are low, as opposed to average gains per annum over the past five years.
This means, real estate investors could earn a rental income of $420 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In GLEN IRIS, homes and units usually stay on listing for an average of 64.2 days.
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 $665,500
Investors saw the median home price rise to $665,500.
GLEN IRIS ranks 282nd on the list of best yielding suburbs for rental properties in VIC, posting a 3.28% return.
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