Property market update: Melbourne, December 2018
After an unprecedented property boom, the Melbourne market started to soften in 2018—a trend further enhanced by the tightening of credit ...
Based on its average 5-year and quarterly capital gains WANTIRNA SOUTH, 3152 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that WANTIRNA SOUTH, 3152 obtained a 8.74% growth over a ten-year period. It ranks 222nd on our list of suburbs that property investors should look into.
WANTIRNA SOUTH, 3152 in VIC belongs to the local government area of Knox.
WANTIRNA SOUTH, 3152 has a capital gain of 7.75% for the past year, which is lower than average compared to its 86.24% growth within a five-year period.
With the median home price in WANTIRNA SOUTH sitting at $1,015,000, and the average rent at $470, property owners could potentially earn a 2.41% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in WANTIRNA SOUTH are low, as opposed to average gains per annum over the past five years.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,015,000 | $510,000 |
| GROWTH REPORT | ||
| Median Quarterly | -1.55% | -2.86% |
| Median 12 month | 7.75% | 21.72% |
| Median 3 years | 37.16% | 3.03% |
| Median 5 years | 86.24% | 37.84% |
| 10 years average annual | 8.74% | 4.76% |
| Weekly media advert. rent | $470 | $400 |
| Time on Market | 64.9 days | 40.7 days |
| Gross Rental Yield Percent | 2.41% | 4.08% |
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