Breakwater

POSTAL CODE: VIC, 3219

HOUSE

Property investors have seen a 3.29% gain in BREAKWATER based on an increase in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains BREAKWATER, 3219 saw average growth in the long term.

The VIC suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $550,000

Profits averaged -1.67% per annum over a 3-year period, due to an downward trend in home prices in BREAKWATER, 3219.

This means, real estate investors could earn a rental income of $450 based on current median home prices for the suburb.

The gross rental yield in BREAKWATER, 3219 is 4.25%.

An average of 2.75 real estate transactions take place per month in BREAKWATER which translates to 33 per annum.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$550,000	N/A
Growth Report
Median Quarterly	3.29%	N/A
Median 12 month	6.8%	N/A
Median 3 years	-5.17%	N/A
Median 5 years	0%	N/A
10 years average annual	6.34%	N/A
Weekly media advert. rent	$450	N/A
Time on Market	72 days	N/A
Gross Rental Yield Percent	4.25%	N/A

Demographics (Median Values)*

Total Population 19715

Weekly Household Income 991

Household Size 2.20

Average Age 42

Monthly Loan Repayment 1300

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

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