Hamilton

POSTAL CODE: VIC, 3300

HOUSE

UNIT

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 $410,000.

The upward trend in home prices in HAMILTON, 3300 averaged 4.63% per annum over a 3-year period.

Average weekly rents on listings have reached the $402.5 mark, reflecting a 5.1% increase in returns based on the current median price in HAMILTON.

An average of 17.67 real estate transactions take place per month in HAMILTON which translates to 212 per annum.

212 properties were sold in HAMILTON in 2016, making it the 453rd most active market in VIC based on total real estate transactions.

HAMILTON, 3300 places 127th in Australia based on median property value growth during the quarter.

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 $317,500.

Average median unit prices in VIC have risen as a whole, pulling HAMILTON, 3300 values up and netting property investors a capital gain of 11.4% for the past year.

Investors saw the median home price rise to $317,500.

The upward trend in home prices in HAMILTON, 3300 averaged 1.6% per annum over a 3-year period.

HAMILTON now ranks at the 79th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in HAMILTON are low, as opposed to average gains per annum over the past five years.

Real estate investors could earn a rental income of $352.5 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In HAMILTON, homes and units usually stay on listing for an average of 84.4 days.

24 properties were sold in HAMILTON in 2016, making it the 234th most active market in VIC based on total real estate transactions.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$410,000	$317,500
Growth Report
Median Quarterly	4.06%	4.1%
Median 12 month	7.89%	11.4%
Median 3 years	13.89%	4.79%
Median 5 years	54.72%	55.26%
10 years average annual	8.16%	14.21%
Weekly media advert. rent	$403	$353
Time on Market	85.2 days	84.4 days
Gross Rental Yield Percent	5.1%	5.77%

Demographics (Median Values)*

Total Population 10088

Weekly Household Income 1038

Household Size 2.20

Average Age 45

Monthly Loan Repayment 1083

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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