Property investors have seen a -2.2% 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 $1,955,000
Profits averaged 10.68% 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 1.99%.
An average of 19.92 real estate transactions take place per month in GLEN IRIS which translates to 239 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||1.56%||10.68%|
|Median 3 years||32.05%||16.35%|
|Median 5 years||70%||30.48%|
|10 years average annual||7.77%||4.72%|
|Weekly media advert. rent||$750||$415|
|Time on Market||72.0 days||58.3 days|
|Gross Rental Yield Percent||1.99%||3.33%|