The Sydney suburbs tipped to bounce back first
If investors want to capitalise on market conditions in Sydney, they may want to consider watching these key markets and their surrounding s...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $981,250.
The upward trend in home prices in MENTONE, 3194 averaged 2.22% per annum over a 3-year period.
Average weekly rents on listings have reached the $577.5 mark, reflecting a 3.06% increase in returns based on the current median price in MENTONE.
An average of 11.33 real estate transactions take place per month in MENTONE which translates to 136 per annum.
136 properties were sold in MENTONE in 2016, making it the 604th most active market in VIC based on total real estate transactions.
MENTONE, 3194 places 530th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $981,250 | $560,500 |
| GROWTH REPORT | ||
| Median Quarterly | -4.13% | -0.09% |
| Median 12 month | -4.27% | 2.09% |
| Median 3 years | 6.66% | 18% |
| Median 5 years | 36.71% | 19.26% |
| 10 years average annual | 4.47% | 6.21% |
| Weekly media advert. rent | $577.5 | $395 |
| Time on Market | 43.2 days | 43.9 days |
| Gross Rental Yield Percent | 3.06% | 3.66% |
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