Expert insight: How does population growth influence capital growth?
Does lack of population growth actually stunt the creation of wealth for property investors? ...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The 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 $726,500.
The upward trend in home prices in FERNTREE GULLY, 3156 averaged 7.71% per annum over a 3-year period.
Average weekly rents on listings have reached the $420 mark, reflecting a 3.01% increase in returns based on the current median price in FERNTREE GULLY.
An average of 25.08 real estate transactions take place per month in FERNTREE GULLY which translates to 301 per annum.
301 properties were sold in FERNTREE GULLY in 2016, making it the 172nd most active market in VIC based on total real estate transactions.
FERNTREE GULLY, 3156 places 206th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $726,500 | $571,500 |
| GROWTH REPORT | ||
| Median Quarterly | -1.92% | -3.3% |
| Median 12 month | -2.48% | 5.82% |
| Median 3 years | 23.14% | 32.91% |
| Median 5 years | 61.44% | 50.39% |
| 10 years average annual | 7.85% | 7.24% |
| Weekly media advert. rent | $420 | $390 |
| Time on Market | 44.9 days | 46.0 days |
| Gross Rental Yield Percent | 3.01% | 3.55% |
Does lack of population growth actually stunt the creation of wealth for property investors? ...
If you want to improve your chances of reducing the risk of an investment purchase and improving the potential for growth, yield, rentabilit...
The closing days of the federal election campaign saw the announcement of the First Home Loan Deposit Scheme, which was announced to allow f...
Suburbs on the west coast are among the most affordable in Australia at the moment, and some are recording over nine per cent yields. ...
The property market post-election has seen a considerable boost in confidence, and one expert claims that it’s creating conditions that ma...
Following infrastructure projects is one way property investors can find areas ripe for growth, but can the same be said for road projects? ...
Get notifications in real-time for staying up to date with content that matters to you.