Demand For Homes Stays High In 1 State While The Rest Fall Back
Rising interest rates have eased demand from potential buyers, which has been reflected in the slowing of home price gro...
Property investors have seen a 1.74% gain in DANDENONG based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on DANDENONG, 3175 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 10.55%.
Based on its average 5-year and quarterly capital gains DANDENONG, 3175 saw average growth in the long term.
The VIC suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $702,000
Profits averaged 6.33% per annum over a 3-year period, due to an upward trend in home prices in DANDENONG, 3175.
This means, real estate investors could earn a rental income of $375 based on current median home prices for the suburb.
The gross rental yield in DANDENONG, 3175 is 2.78%.
An average of 16.75 real estate transactions take place per month in DANDENONG which translates to 201 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||10.55%||6.1%|
|Median 3 years||18.98%||19.67%|
|Median 5 years||30.97%||35.94%|
|10 years average annual||6.14%||4.08%|
|Weekly media advert. rent||$375||$320|
|Time on Market||57.4 days||67.7 days|
|Gross Rental Yield Percent||2.78%||3.83%|