Popular lenders issue spate of rate cuts
Facing the prospect of an official rate cut soon, the major banks have been cutting their home loan rates out of cycle. Which of the popular...
HAMILTON, 3300 ranks 465th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 14.58% for property investors.
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 $220,000.
The upward trend in home prices in HAMILTON, 3300 averaged 3.33% per annum over a 3-year period.
Average weekly rents on listings have reached the $260 mark, reflecting a 6.15% increase in returns based on the current median price in HAMILTON.
An average of 20.17 real estate transactions take place per month in HAMILTON which translates to 242 per annum.
242 properties were sold in HAMILTON in 2016, making it the 388th most active market in VIC based on total real estate transactions.
HAMILTON, 3300 places 453rd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $220,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -2.22% | N/A |
| Median 12 month | 14.58% | N/A |
| Median 3 years | 10% | N/A |
| Median 5 years | 14.29% | N/A |
| 10 years average annual | 1.02% | N/A |
| Weekly media advert. rent | $260 | N/A |
| Time on Market | 97.1 days | N/A |
| Gross Rental Yield Percent | 6.15% | N/A |
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