AREA REPORTS

Edithvale

VIC/
Edithvale

Suburb Profile

Edithvale - FREE SUBURB PROFILE REPORT
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 $955,000.

Profits due to an upward trend in home prices in the suburb averaged 14.9% per annum over a 3-year period.

EDITHVALE now ranks at the 669th 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 $475 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 68.7 days.

In 2016, 81 properties were sold in EDITHVALE during the past year, making it the 66th most active market in VIC based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $955,000 $661,500
GROWTH REPORT
Median Quarterly -8.61% 0.99%
Median 12 month -4.5% 2.16%
Median 3 years 44.7% 37.81%
Median 5 years 58.37% 42.26%
10 years average annual 7.06% 5.82%
Weekly media advert. rent $475 $400
Time on Market 68.7 days 56.4 days
Gross Rental Yield Percent 2.59% 3.14%
demographics (median values)
Total Population
4992
Weekly Household Income
996.3
Household Size
2.40
demographics
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