When is it too late to invest in property?
Leveraging your savings to invest in property at an early age is a widely accepted wealth strategy, but is it ever too late to invest? ...
A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 7.68% growth over a ten-year period. It ranks 672nd on our list of suburbs that property investors should look into.
MOUNT WAVERLEY, 3149 has a capital gain of -8.14% for the past year, which is lower than average compared to its 55.88% growth within a five-year period.
With the median home price in MOUNT WAVERLEY sitting at $1,286,000, and the average rent at $520, property owners could potentially earn a 2.1% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in MOUNT WAVERLEY are low, as opposed to average gains per annum over the past five years.
MOUNT WAVERLEY, 3149 in VIC belongs to the local government area of Monash (C).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,286,000 | $807,500 |
| GROWTH REPORT | ||
| Median Quarterly | -4.93% | 2.6% |
| Median 12 month | -8.14% | -7.18% |
| Median 3 years | 1.26% | 0.94% |
| Median 5 years | 55.88% | 26.17% |
| 10 years average annual | 7.68% | 5.99% |
| Weekly media advert. rent | $520 | $522.5 |
| Time on Market | 54.9 days | 51.2 days |
| Gross Rental Yield Percent | 2.1% | 3.36% |
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