Property investments in CARRUM DOWNS fare well against the rest of the country last year, registering a median home price increase of 23.32%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains CARRUM DOWNS, 3201 saw average growth in the long term.
Real estate investors could earn a rental income of $370 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 27.2 days.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $530,295.
CARRUM DOWNS ranks 249th on the list of best yielding suburbs for rental properties in VIC, posting a 3.63% return.
CARRUM DOWNS, 3201 ranks 322nd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 14.31% for property investors last year.
Profits due to an upward trend in home prices in CARRUM DOWNS, 3201 averaged 9.53% per annum over a 3-year period.
Average weekly rents on listings have reached the $350 mark, reflecting a 4.66% increase in returns based on the current median price in CARRUM DOWNS.
An average of 11.58 real estate transactions take place per month in CARRUM DOWNS which translates to 139 per annum.
139 properties were sold in CARRUM DOWNS during the past year, making it the 323rd most active market in VIC based on total real estate transactions.
CARRUM DOWNS, 3201 places 146th in Australia based on median property value growth during the quarter.
Nice blog .. love to read
Yes Right. Awesome share
in one word, i say REAL ESTATE SUCCESS
Independent Financial Adviser
Real Estate Business
Smart Property Investment
Which Investment Property
Australian Law Awards
Corporate Counsel Awards
30 Under Thirty
Partner of the Year
Women in Law
Better Business Summit
Australian Broking Awards
New Broker Academy
Bootcamp SME Broker
Australian Accounting Awards
ifa Excellence Awards
Women in Finance Awards
Adviser Innovation Summit
Tax & Legal