How long do market cycles last?
While most properties will double in a decade, most of the gains will happen in two to four years with six to eight years of stagnation in b...
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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 $212,000.
The upward trend in home prices in HAMILTON, 3300 averaged 1.14% per annum over a 3-year period.
Average weekly rents on listings have reached the $280 mark, reflecting a 6.87% increase in returns based on the current median price in HAMILTON.
An average of 16 real estate transactions take place per month in HAMILTON which translates to 192 per annum.
192 properties were sold in HAMILTON in 2016, making it the 465th most active market in VIC based on total real estate transactions.
HAMILTON, 3300 places 345th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $212,000 | $172,500 |
| GROWTH REPORT | ||
| Median Quarterly | 1.44% | 7.81% |
| Median 12 month | -5.78% | N/A |
| Median 3 years | 3.41% | -11.08% |
| Median 5 years | 8.72% | N/A |
| 10 years average annual | 1.03% | -7.07% |
| Weekly media advert. rent | $280 | $240 |
| Time on Market | 102.0 days | 0.0 days |
| Gross Rental Yield Percent | 6.87% | 7.23% |
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