
House Prices To Add Another 20% If Banks Don't Slam The Brakes
Chatter about the possible introduction of macro prudential controls to slow house price growth is increasing, while rep...
Property investors have seen a 2.26% gain in BELGRAVE based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains BELGRAVE, 3160 saw average growth in the long term.
The VIC suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $678,000
Profits averaged 3.41% per annum over a 3-year period, due to an upward trend in home prices in BELGRAVE, 3160.
This means, real estate investors could earn a rental income of $450 based on current median home prices for the suburb.
The gross rental yield in BELGRAVE, 3160 is 3.45%.
An average of 5.08 real estate transactions take place per month in BELGRAVE which translates to 61 per annum.
KEY PROPERTY DATA REPORT | HOUSE | UNIT |
---|---|---|
Median Price | $678,000 | N/A |
GROWTH REPORT | ||
Median Quarterly | 2.26% | N/A |
Median 12 month | 6.77% | N/A |
Median 3 years | 10.24% | N/A |
Median 5 years | 41.25% | N/A |
10 years average annual | 6.09% | N/A |
Weekly media advert. rent | $450 | N/A |
Time on Market | 32.8 days | N/A |
Gross Rental Yield Percent | 3.45% | N/A |