$3m-plus suburbs double during the pandemic as allure of luxury property grows
With more Australians racking up more savings than ever before and affordability improving across the real estate market, the allure of luxu...
Property investors enjoyed capital gains of 18.07% over the last 12 months in CAULFIELD SOUTH, translating to lower returns compared with its peers in VIC.
A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 6.47% growth over a ten-year period. It ranks 749th on our list of suburbs that property investors should look into.
CAULFIELD SOUTH, 3162 has a capital gain of 18.07% for the past year, which is higher than average compared to its 25.85% growth within a five-year period.
With the median home price in CAULFIELD SOUTH sitting at $1,715,000, and the average rent at $632.5, property owners could potentially earn a 1.92% increase in gross rental yield.
A 18.07% increase in median property prices in CAULFIELD SOUTH, 3162 has allowed this suburb to join the ranks of best performing suburbs in VIC, settling at number 72nd.
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 (C).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,715,000 | $857,500 |
| GROWTH REPORT | ||
| Median Quarterly | 2.39% | 4% |
| Median 12 month | 18.07% | 14.87% |
| Median 3 years | 0.88% | 28.95% |
| Median 5 years | 25.85% | 4.57% |
| 10 years average annual | 6.47% | 3.21% |
| Weekly media advert. rent | $632.5 | $480 |
| Time on Market | 68.5 days | 58.4 days |
| Gross Rental Yield Percent | 1.92% | 2.91% |
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