Property investors enjoyed capital gains of 17.67% over the last 12 months in BORONIA, translating to lower returns compared with its peers in VIC.
A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 9.01% growth over a ten-year period. It ranks 257th on our list of suburbs that property investors should look into.
BORONIA, 3155 has a capital gain of 17.67% for the past year, which is higher than average compared to its 70.12% growth within a five-year period.
With the median home price in BORONIA sitting at $706,000, and the average rent at $385, property owners could potentially earn a 2.84% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in BORONIA are low, as opposed to average gains per annum over the past five years.
BORONIA, 3155 in VIC belongs to the local government area of Knox.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||17.67%||12.26%|
|Median 3 years||47.85%||32.19%|
|Median 5 years||70.12%||46.47%|
|10 years average annual||9.01%||7.29%|
|Weekly media advert. rent||$385||$350|
|Time on Market||25.3 days||33.6 days|
|Gross Rental Yield Percent||2.84%||3.44%|