Property investments in POINT LONSDALE did not fare well against the rest of the country last year, registering a median home price decrease of 9.97%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains POINT LONSDALE, 3225 saw average growth in the long term.
Real estate investors could earn a rental income of $410 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 116.5 days.
Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $784,900.
POINT LONSDALE ranks 410th on the list of best yielding suburbs for rental properties in VIC, posting a 2.72% return.
Profits due to an upward trend in home prices in POINT LONSDALE, 3225 averaged 9.58% per annum over a 3-year period.
Average weekly rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in POINT LONSDALE.
An average of 1.17 real estate transactions take place per month in POINT LONSDALE which translates to 14 per annum.
14 properties were sold in POINT LONSDALE during the past year, making it the 319th most active market in VIC based on total real estate transactions.
POINT LONSDALE, 3225 places 161st in Australia based on median property value growth during the quarter.
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