REDBANK PLAINS 
2 MIN READThe Infrastructure Class That Will Add Most Value To Your Community
Infrastructure is an important aspect of every strong community, yet the most influential type of infrastructure may sur...
Read More
CheltenhamCheltenham - SUBURB PROFILE REPORT
SHARE 
Property investments in CHELTENHAM fare well against the rest of the country last year, registering a median home price increase of 18.6%.
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 CHELTENHAM, 3192 saw average growth in the long term.
Real estate investors could earn a rental income of $570 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 43.9 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 $1,275,000.
CHELTENHAM ranks 429th on the list of best yielding suburbs for rental properties in VIC, posting a 2.32% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,275,000 | $697,500 |
| GROWTH REPORT | ||
| Median Quarterly | 2.86% | -0.21% |
| Median 12 month | 18.6% | 10.71% |
| Median 3 years | 28.79% | 30.37% |
| Median 5 years | 36.36% | 34.46% |
| 10 years average annual | 8.07% | 5.06% |
| Weekly media advert. rent | $570 | $425 |
| Time on Market | 43.9 days | 61.1 days |
| Gross Rental Yield Percent | 2.32% | 3.17% |
Get notifications in real-time for staying up to date with content that matters to you.
Copyright © 2021 Smart Property Investment
