Homeowners and real estate investors betting on PORT FAIRY, 3284 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 16.3%.
A steady increase in median property prices over a five-year period in the suburb translates to a 25.88% capital gain.
Property investors in PORT FAIRY enjoyed capital gains of 16.3% over the last 12 months translating to lower returns compared with its peers in the territory.
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 $535,000.
Profits due to an upward trend in home prices there averaged 8.63% per annum over a 3-year period.
Home owners selling their properties and realtors in PORT FAIRY usually have to wait an average of 108.9 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $355 mark, reflecting a 3.45% increase in returns based on the current median price in PORT FAIRY.
PORT FAIRY, 3284 places 52nd in Australia based on median property value growth during the quarter.
Property investors in PORT FAIRY enjoyed capital gains of 14.45% over the last 12 months translating to lower returns compared with its peers in the territory.
PORT FAIRY posted a 31.13% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
Average weekly rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in PORT FAIRY.
PORT FAIRY, 3284 ranks 101st in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
PORT FAIRY ranks 377th on the list of best yielding suburbs for rental properties in VIC, posting a 0% return.
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