Perth recovery takes COVID-19 hit
While signs were pointing to the start of a housing market recovery for Perth earlier this year, the knock-on effects of COVID-19 have impac...
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Property investors have seen a 1.45% 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 stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $700,000
Profits averaged 7.96% 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 $450 based on current median home prices for the suburb.
The gross rental yield in OCEAN GROVE, 3226 is 3.34%.
An average of 28.17 real estate transactions take place per month in OCEAN GROVE which translates to 338 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $700,000 | $625,000 |
| GROWTH REPORT | ||
| Median Quarterly | 1.45% | -0.79% |
| Median 12 month | 2.41% | -5.66% |
| Median 3 years | 23.89% | 27.23% |
| Median 5 years | 40% | 50.6% |
| 10 years average annual | 6.05% | 7.05% |
| Weekly media advert. rent | $450 | $400 |
| Time on Market | 88.1 days | 100.6 days |
| Gross Rental Yield Percent | 3.34% | 3.33% |
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