Property investments in GLEN HUNTLY did not fare well against the rest of the country last year, registering a median home price decrease of 6.52%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains GLEN HUNTLY, 3163 saw average growth in the long term.
Real estate investors could earn a rental income of $485 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 0.0 days.
Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $1,412,500.
GLEN HUNTLY ranks 572nd on the list of best yielding suburbs for rental properties in VIC, posting a 1.79% return.
Profits due to an upward trend in home prices in GLEN HUNTLY, 3163 averaged 6.86% per annum over a 3-year period.
Average weekly rents on listings have reached the $389 mark, reflecting a 3.75% increase in returns based on the current median price in GLEN HUNTLY.
An average of 9 real estate transactions take place per month in GLEN HUNTLY which translates to 108 per annum.
108 properties were sold in GLEN HUNTLY during the past year, making it the 374th most active market in VIC based on total real estate transactions.
GLEN HUNTLY, 3163 places 245th in Australia based on median property value growth during the quarter.
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