Homeowners and real estate investors betting on MIDDLE PARK, 3206 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 24.59%.
A steady increase in median property prices over a five-year period in the suburb translates to a 21.43% capital gain.
Property investors in MIDDLE PARK enjoyed capital gains of 24.59% over the last 12 months translating to lower returns compared with its peers in the territory.
The suburb also 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 $2,635,000.
Profits due to an upward trend in home prices there averaged 7.14% per annum over a 3-year period.
Home owners selling their properties and realtors in MIDDLE PARK usually have to wait an average of 0.0 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $820 mark, reflecting a 1.62% increase in returns based on the current median price in MIDDLE PARK.
MIDDLE PARK, 3206 places 17th in Australia based on median property value growth during the quarter.
Figures from the previous quarter show that capital gains for real estate buyers in MIDDLE PARK are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $440 based on current median home prices for the suburb.
Average weekly rents on listings have reached the $440 mark, reflecting a 3.22% increase in returns based on the current median price in MIDDLE PARK.
MIDDLE PARK, 3206 ranks 358th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
MIDDLE PARK ranks 293rd on the list of best yielding suburbs for rental properties in VIC, posting a 3.22% return.
Comparing the size of Geelong and...
Interesting stuff. Thank you. What about...
OMG this has got disaster written all...
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