Middle Park

POSTAL CODE: VIC, 3206

HOUSE

UNIT

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 11.76%.

A steady increase in median property prices over a five-year period in the suburb translates to a 5.95% capital gain.

Property investors in MIDDLE PARK enjoyed capital gains of 11.76% 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 $2,850,000.

Profits due to an upward trend in home prices there averaged 1.98% per annum over a 3-year period.

Home owners selling their properties and realtors in MIDDLE PARK usually have to wait an average of 109.8 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $900 mark, reflecting a 1.64% increase in returns based on the current median price in MIDDLE PARK.

MIDDLE PARK, 3206 places 16th in Australia based on median property value growth during the quarter.

Property investors in MIDDLE PARK enjoyed capital gains of 3.1% over the last 12 months translating to lower returns compared with its peers in the territory.

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.

MIDDLE PARK posted a 25.63% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

Real estate investors could earn a rental income of $555 based on current median home prices for the suburb.

Average weekly rents on listings have reached the $555 mark, reflecting a 3.04% increase in returns based on the current median price in MIDDLE PARK.

MIDDLE PARK, 3206 ranks 177th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

MIDDLE PARK ranks 380th on the list of best yielding suburbs for rental properties in VIC, posting a 3.04% return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$2,850,000	$948,500
Growth Report
Median Quarterly	12.54%	-6.55%
Median 12 month	11.76%	3.1%
Median 3 years	5.95%	25.63%
Median 5 years	7.24%	8.09%
10 years average annual	3.06%	3.41%
Weekly media advert. rent	$900	$555
Time on Market	109.8 days	43.8 days
Gross Rental Yield Percent	1.64%	3.04%

Demographics (Median Values)*

Total Population 10359

Weekly Household Income 2301

Household Size 2.30

Average Age 43

Monthly Loan Repayment 3000

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

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