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 ...
A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 6.84% growth over a ten-year period. It ranks 1037th on our list of suburbs that property investors should look into.
CAULFIELD SOUTH, 3162 has a capital gain of -0.06% for the past year, which is lower than average compared to its 73.21% growth within a five-year period.
With the median home price in CAULFIELD SOUTH sitting at $1,655,000, and the average rent at $695, property owners could potentially earn a 2.18% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in CAULFIELD SOUTH are low, as opposed to average gains per annum over the past five years.
CAULFIELD SOUTH, 3162 in VIC belongs to the local government area of Glen Eira.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,655,000 | $710,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.6% | -10.69% |
| Median 12 month | -0.06% | -9.55% |
| Median 3 years | 24.44% | 0.71% |
| Median 5 years | 73.21% | 33.7% |
| 10 years average annual | 6.84% | 3.79% |
| Weekly media advert. rent | $695 | $475 |
| Time on Market | 52.6 days | 75.9 days |
| Gross Rental Yield Percent | 2.18% | 3.48% |
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