Based on its average 5-year and quarterly capital gains, the suburb saw average decrease 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 $192,500.
The downward trend in home prices in HAMILTON, 3300 averaged -2.99% per annum over a 3-year period.
Average weekly rents on listings have reached the $240 mark, reflecting a 6.48% increase in returns based on the current median price in HAMILTON.
An average of 12 real estate transactions take place per month in HAMILTON which translates to 144 per annum.
144 properties were sold in HAMILTON in 2016, making it the 574th most active market in VIC based on total real estate transactions.
HAMILTON, 3300 places 635th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $192,500 | $197,500 |
| GROWTH REPORT | ||
| Median Quarterly | -3.75% | N/A |
| Median 12 month | -10.47% | 1.28% |
| Median 3 years | -8.98% | N/A |
| Median 5 years | -3.75% | N/A |
| 10 years average annual | 0.3% | -2.88% |
| Weekly media advert. rent | $240 | $220 |
| Time on Market | 144.7 days | 0.0 days |
| Gross Rental Yield Percent | 6.48% | 5.79% |
There is a threshold for the land value...
Hi Ho Ping
Thank you for your comments....
You are perhaps one of the few comment...