Property investors have seen a 0.71% gain in ASHWOOD based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on ASHWOOD, 3147 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 12.24%.
Based on its average 5-year and quarterly capital gains ASHWOOD, 3147 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 $1,410,000
Profits averaged 18.32% per annum over a 3-year period, due to an upward trend in home prices in ASHWOOD, 3147.
This means, real estate investors could earn a rental income of $480 based on current median home prices for the suburb.
The gross rental yield in ASHWOOD, 3147 is 1.77%.
An average of 5.08 real estate transactions take place per month in ASHWOOD which translates to 61 per annum.
Property investments in ASHWOOD fare well against the rest of the country last year, registering a median home price increase of 13.99%.
Figures from the previous quarter show that capital gains for real estate buyers in ASHWOOD 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 $485 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 ASHWOOD, homes and units usually stay on listing for an average of 44.7 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 $885,000
Investors saw the median home price rise to $885,000.
ASHWOOD ranks 350th on the list of best yielding suburbs for rental properties in VIC, posting a 2.85% return.
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