Based on its average 5-year and quarterly capital gains PORT MELBOURNE, 3207 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that PORT MELBOURNE, 3207 obtained a 6.56% growth over a ten-year period. It ranks 1101st on our list of suburbs that property investors should look into.
PORT MELBOURNE, 3207 in VIC belongs to the local government area of Port Phillip.
PORT MELBOURNE, 3207 has a capital gain of 6.95% for the past year, which is lower than average compared to its 62.16% growth within a five-year period.
With the median home price in PORT MELBOURNE sitting at $1,500,000, and the average rent at $692.5, property owners could potentially earn a 2.4% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in PORT MELBOURNE are low, as opposed to average gains per annum over the past five years.
A steady increase in median property prices over a five-year period in PORT MELBOURNE, 3207 translates to a -8.92% capital gain.
PORT MELBOURNE, 3207 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 $715,000.
Profits due to an downward trend in home prices in PORT MELBOURNE, 3207 averaged -2.97% per annum over a 3-year period.
Home owners selling their properties and realtors in PORT MELBOURNE usually have to wait an average of 59.5 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $570 mark, reflecting a 4.15% increase in returns based on the current median price in PORT MELBOURNE.
PORT MELBOURNE, 3207 places 307th in Australia based on median property value growth during the quarter.