AREA REPORTS

Breakwater

Suburb Profile

Breakwater - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3219

house
unit

Property investors have seen a 12.5% gain in BREAKWATER based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on BREAKWATER, 3219 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 23.93%.

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 $378,000

Profits averaged 14.67% per annum over a 3-year period, due to an upward trend in home prices in BREAKWATER, 3219.

This means, real estate investors could earn a rental income of $320 based on current median home prices for the suburb.

The gross rental yield in BREAKWATER, 3219 is 4.4%.

An average of 2.42 real estate transactions take place per month in BREAKWATER which translates to 29 per annum.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $378,000 $339,500
GROWTH REPORT
Median Quarterly 12.5% N/A
Median 12 month 23.93% N/A
Median 3 years 44% N/A
Median 5 years 48.24% N/A
10 years average annual 6.81% N/A
Weekly media advert. rent $320 $290
Time on Market 15.8 days 0.0 days
Gross Rental Yield Percent 4.4% 4.44%
demographics (median values)
Total Population
1050
Weekly Household Income
620.6
Household Size
2.20
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