Property investors enjoyed capital gains of 14.04% over the last 12 months in NOBLE PARK, 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 9.64% growth over a ten-year period. It ranks 91st on our list of suburbs that property investors should look into.
NOBLE PARK, 3174 has a capital gain of 14.04% for the past year, which is higher than average compared to its 70.16% growth within a five-year period.
With the median home price in NOBLE PARK sitting at $650,000, and the average rent at $360, property owners could potentially earn a 2.88% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in NOBLE PARK are low, as opposed to average gains per annum over the past five years.
NOBLE PARK, 3174 in VIC belongs to the local government area of Greater Dandenong.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||14.04%||13.02%|
|Median 3 years||54.76%||31.2%|
|Median 5 years||70.16%||38.98%|
|10 years average annual||9.64%||7.13%|
|Weekly media advert. rent||$360||$320|
|Time on Market||51.9 days||54.8 days|
|Gross Rental Yield Percent||2.88%||4.06%|