House Prices Push Average Australian’s Wealth Even Higher In 2022
Despite worries of a housing downturn, Australians’ wealth actually increased 1.2 per cent on average in the first qua...
Property investors have seen a -0.69% drop in WATERWAYS based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains WATERWAYS, 3195 saw average growth in the long term.
The VIC 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 $1,445,000
Profits averaged 6.47% per annum over a 3-year period, due to an upward trend in home prices in WATERWAYS, 3195.
This means, real estate investors could earn a rental income of $725 based on current median home prices for the suburb.
The gross rental yield in WATERWAYS, 3195 is 2.61%.
An average of 3.5 real estate transactions take place per month in WATERWAYS which translates to 42 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||0.85%||N/A|
|Median 3 years||19.42%||N/A|
|Median 5 years||37.95%||N/A|
|10 years average annual||8.03%||N/A|
|Weekly media advert. rent||$725||N/A|
|Time on Market||33.9 days||N/A|
|Gross Rental Yield Percent||2.61%||N/A|