487 Markets Join Million-dollar Property Club: CoreLogic
Australia’s property million-dollar club has continued to grow, as new research shows that more than one in five homes...
Property investors enjoyed capital gains of 24.44% over the last 12 months in ASPENDALE, translating to lower returns compared with its peers in VIC.
Figures from the previous quarter show that capital gains for real estate buyers in ASPENDALE are low, as opposed to average gains per annum over the past five years.
The suburb posted a 42.49% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $592.5 based on current median home prices for the suburb.
On average, rents on listings have reached the $592.5 mark, reflecting a 2.24% increase in returns based on the current median price in ASPENDALE.
ASPENDALE, 3195 ranks 190th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 339th on the list of best yielding suburbs for rental properties in VIC, posting a 2.24% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||24.44%||10.84%|
|Median 3 years||42.49%||24.77%|
|Median 5 years||58.97%||29.73%|
|10 years average annual||8.94%||6.97%|
|Weekly media advert. rent||$592.5||$480|
|Time on Market||38.7 days||58.7 days|
|Gross Rental Yield Percent||2.24%||2.89%|