Bentleigh

POSTAL CODE: VIC, 3204

HOUSE

UNIT

Property investments in BENTLEIGH did not fare well against the rest of the country last year, registering a median home price decrease of 7.38%.

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

Based on its average 5-year and quarterly capital gains BENTLEIGH, 3204 saw average growth in the long term.

Real estate investors could earn a rental income of $765 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 58.7 days.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $1,745,000.

BENTLEIGH ranks 534th on the list of best yielding suburbs for rental properties in VIC, posting a 2.28% return.

Based on its average 5-year and quarterly capital gains BENTLEIGH, 3204 saw average growth in the long term.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Profits due to an upward trend in home prices in BENTLEIGH, 3204 averaged 2.3% per annum over a 3-year period.

Average weekly rents on listings have reached the $650 mark, reflecting a 3.62% increase in returns based on the current median price in BENTLEIGH.

An average of 13.58 real estate transactions take place per month in BENTLEIGH which translates to 163 per annum.

163 properties were sold in BENTLEIGH during the past year, making it the 305th most active market in VIC based on total real estate transactions.

BENTLEIGH, 3204 places 48th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,745,000	$933,750
Growth Report
Median Quarterly	2.89%	5.81%
Median 12 month	7.38%	-1.29%
Median 3 years	1.39%	6.9%
Median 5 years	11.68%	27.56%
10 years average annual	3.68%	5.52%
Weekly media advert. rent	$765	$650
Time on Market	58.7 days	60.7 days
Gross Rental Yield Percent	2.28%	3.62%

Demographics (Median Values)*

Total Population 30635

Weekly Household Income 1801

Household Size 2.70

Average Age 38

Monthly Loan Repayment 2167

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

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