Edithvale

POSTAL CODE: VIC, 3196

HOUSE

UNIT

EDITHVALE, 3196 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 $1,290,000.

Profits due to an downward trend in home prices in the suburb averaged -0.63% per annum over a 3-year period.

EDITHVALE now ranks at the 542nd place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in EDITHVALE are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $800 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In EDITHVALE, homes and units usually stay on listing for an average of 34.8 days.

In 2016, 59 properties were sold in EDITHVALE during the past year, making it the 146th most active market in VIC based on total real estate transactions.

EDITHVALE ranks 107th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

EDITHVALE, 3196 has a capital gain of 2.59% for the past year, which is lower than average compared to its 18.49% growth within a five-year period.

With the median home price in EDITHVALE sitting at $841,250, and the average rent at $640, property owners could potentially earn a 3.96% increase in gross rental yield.

Property investors have seen a 2.53% gain in EDITHVALE based on an increase in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that EDITHVALE, 3196 obtained a 6.09% growth over a ten-year period. It ranks 692nd on our list of suburbs that property investors should look into.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,290,000	$841,250
Growth Report
Median Quarterly	-0.62%	2.53%
Median 12 month	-0.65%	2.59%
Median 3 years	-1.9%	4.37%
Median 5 years	27.47%	18.49%
10 years average annual	6.35%	6.09%
Weekly media advert. rent	$800	$640
Time on Market	34.8 days	53.8 days
Gross Rental Yield Percent	3.22%	3.96%

Demographics (Median Values)*

Total Population 25327

Weekly Household Income 1456

Household Size 2.40

Average Age 40

Monthly Loan Repayment 1845

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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