Housing Market Intervention To Wipe Out Growth By 2023
A big four bank has conceded that its earlier property growth forecasts were overly cautious, while predicting that a t...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The 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 $310,000.
The upward trend in home prices in CAMPERDOWN, 3260 averaged 8.67% per annum over a 3-year period.
Average weekly rents on listings have reached the $320 mark, reflecting a 5.37% increase in returns based on the current median price in CAMPERDOWN.
An average of 7.5 real estate transactions take place per month in CAMPERDOWN which translates to 90 per annum.
90 properties were sold in CAMPERDOWN in 2016, making it the 28th most active market in VIC based on total real estate transactions.
CAMPERDOWN, 3260 places 286th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||12.73%||N/A|
|Median 3 years||26.02%||N/A|
|Median 5 years||43.19%||N/A|
|10 years average annual||5.94%||N/A|
|Weekly media advert. rent||$320||N/A|
|Time on Market||68.3 days||N/A|
|Gross Rental Yield Percent||5.37%||N/A|