Property investors have seen a 9.32% 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 10.41%.
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 $305,000
Profits averaged 6.77% 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 $300 based on current median home prices for the suburb.
The gross rental yield in BREAKWATER, 3219 is 5.11%.
An average of 1.83 real estate transactions take place per month in BREAKWATER which translates to 22 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||10.41%||4.3%|
|Median 3 years||20.32%||N/A|
|Median 5 years||23.88%||N/A|
|10 years average annual||5.26%||4.3%|
|Weekly media advert. rent||$300||$280|
|Time on Market||58.8 days||69.1 days|
|Gross Rental Yield Percent||5.11%||4.62%|