Property to regain momentum following health crisis
Strong property price growth before the outbreak of COVID-19 gives investors a snapshot of what market conditions will be like once the pand...
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A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 9.96% growth over a ten-year period. It ranks 5th on our list of suburbs that property investors should look into.
With the median home price in BIRREGURRA sitting at $502,500, and the average rent at $290, property owners could potentially earn a 3% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in BIRREGURRA are low, as opposed to average gains per annum over the past five years.
BIRREGURRA, 3242 in VIC belongs to the local government area of Colac-Otway (S).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $502,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -9.46% | N/A |
| Median 12 month | N/A | N/A |
| Median 3 years | 56.3% | N/A |
| Median 5 years | 54.14% | N/A |
| 10 years average annual | 9.96% | N/A |
| Weekly media advert. rent | $290 | N/A |
| Time on Market | 70.5 days | N/A |
| Gross Rental Yield Percent | 3% | N/A |
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