Why these suburbs are faring better than others as prices fall
New data points to which suburbs with the largest average land sizes in each capital city are bucking against general property market trends...
A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 7.66% growth over a ten-year period. It ranks 684th on our list of suburbs that property investors should look into.
LYSTERFIELD, 3156 has a capital gain of -2.11% for the past year, which is lower than average compared to its 40.69% growth within a five-year period.
With the median home price in LYSTERFIELD sitting at $975,000, and the average rent at $450, property owners could potentially earn a 2.4% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in LYSTERFIELD are low, as opposed to average gains per annum over the past five years.
LYSTERFIELD, 3156 in VIC belongs to the local government area of Knox (C).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $975,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -5.8% | N/A |
| Median 12 month | -2.11% | N/A |
| Median 3 years | 24.84% | N/A |
| Median 5 years | 40.69% | N/A |
| 10 years average annual | 7.66% | N/A |
| Weekly media advert. rent | $450 | N/A |
| Time on Market | 51.5 days | N/A |
| Gross Rental Yield Percent | 2.4% | N/A |
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