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Property investors have seen a 1.53% 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 $1,825,000
Profits averaged -0.27% 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 $737.5 based on current median home prices for the suburb.
The gross rental yield in GLEN IRIS, 3146 is 2.1%.
An average of 19.08 real estate transactions take place per month in GLEN IRIS which translates to 229 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,825,000 | $650,000 |
| GROWTH REPORT | ||
| Median Quarterly | 1.53% | -0.76% |
| Median 12 month | -5.19% | -9.09% |
| Median 3 years | -0.82% | 0.78% |
| Median 5 years | 30.45% | 8.33% |
| 10 years average annual | 7.33% | 4.74% |
| Weekly media advert. rent | $737.5 | $450 |
| Time on Market | 50.3 days | 47.4 days |
| Gross Rental Yield Percent | 2.1% | 3.6% |
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