Property investments in BENTLEIGH did not fare well against the rest of the country last year, registering a median home price decrease of 3.78%.
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 BENTLEIGH, 3204 saw average growth in the long term.
Real estate investors could earn a rental income of $850 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 67.2 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 $1,755,000.
BENTLEIGH ranks 524th on the list of best yielding suburbs for rental properties in VIC, posting a 2.52% 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 downward trend in home prices in BENTLEIGH, 3204 averaged -0.09% per annum over a 3-year period.
Average weekly rents on listings have reached the $670 mark, reflecting a 3.82% increase in returns based on the current median price in BENTLEIGH.
An average of 14.58 real estate transactions take place per month in BENTLEIGH which translates to 175 per annum.
175 properties were sold in BENTLEIGH during the past year, making it the 290th most active market in VIC based on total real estate transactions.
BENTLEIGH, 3204 places 305th in Australia based on median property value growth during the quarter.