Property investors have seen a 1.97% gain in OCEAN GROVE based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains OCEAN GROVE, 3226 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 $582,500
Profits averaged 5.36% per annum over a 3-year period, due to an upward trend in home prices in OCEAN GROVE, 3226.
This means, real estate investors could earn a rental income of $400 based on current median home prices for the suburb.
The gross rental yield in OCEAN GROVE, 3226 is 3.57%.
An average of 31.75 real estate transactions take place per month in OCEAN GROVE which translates to 381 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $582,500 | $455,000 |
| GROWTH REPORT | ||
| Median Quarterly | 1.97% | -4.37% |
| Median 12 month | 7.37% | -6.91% |
| Median 3 years | 16.09% | 21.33% |
| Median 5 years | 21.61% | 16.67% |
| 10 years average annual | 5.8% | 4.51% |
| Weekly media advert. rent | $400 | $350 |
| Time on Market | 78.8 days | 88.3 days |
| Gross Rental Yield Percent | 3.57% | 4% |
There is a threshold for the land value...
Hi Ho Ping
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You are perhaps one of the few comment...