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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 $530,000.
The upward trend in home prices in BANNOCKBURN, 3331 averaged 12.85% per annum over a 3-year period.
Average weekly rents on listings have reached the $430 mark, reflecting a 4.22% increase in returns based on the current median price in BANNOCKBURN.
An average of 5.25 real estate transactions take place per month in BANNOCKBURN which translates to 63 per annum.
63 properties were sold in BANNOCKBURN in 2016, making it the 133rd most active market in VIC based on total real estate transactions.
BANNOCKBURN, 3331 places th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||6%||N/A|
|Median 3 years||38.56%||N/A|
|Median 5 years||31.68%||N/A|
|10 years average annual||5.18%||N/A|
|Weekly media advert. rent||$430||N/A|
|Time on Market||56.0 days||N/A|
|Gross Rental Yield Percent||4.22%||N/A|
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