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 ...
Homeowners and real estate investors betting on BELGRAVE SOUTH, 3160 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 14.3%.
A steady increase in median property prices over a five-year period in the suburb translates to a 50.82% capital gain.
Property investors in BELGRAVE SOUTH enjoyed capital gains of 14.3% over the last 12 months translating to lower returns compared with its peers in the territory.
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 $731,500.
Profits due to an upward trend in home prices there averaged 16.94% per annum over a 3-year period.
Home owners selling their properties and realtors in BELGRAVE SOUTH usually have to wait an average of 34.7 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in BELGRAVE SOUTH.
BELGRAVE SOUTH, 3160 places 43rd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $731,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 7.89% | N/A |
| Median 12 month | 14.3% | N/A |
| Median 3 years | 50.82% | N/A |
| Median 5 years | 60.77% | N/A |
| 10 years average annual | 7.3% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 34.7 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
After an unprecedented property boom, the Melbourne market started to soften in 2018—a trend further enhanced by the tightening of credit ...
One of Australia’s popular capital cities that’s due for recovery has seen an increase in its house price during the December 2018 quart...
The national vacancy rate increased over December, new data has found, with all but two capital cities holding steady. ...
A combination of wet weather and expectations from the banking royal commission are predicted to bring a refreshing change to some regional ...
The NSW government has found Sydney’s Opal Tower is structurally sound, but “significant rectification” works are required to repair a...
After a period of suffering the negative effects of the end of the mining boom, the Perth property market has since stabilised and turned ou...