Office investment in Melbourne is boosting resi investment
Melbourne has been listed as an international investment hotspot and its increase in office investment is helping push up residential invest...
Property investors enjoyed capital gains of 44% over the last 12 months in ROCKBANK, translating to lower returns compared with its peers in VIC.
Figures from the previous quarter show that capital gains for real estate buyers in ROCKBANK are low, as opposed to average gains per annum over the past five years.
This number can mean, real estate investors could earn a rental income of $430 based on current median home prices for the suburb.
On average, rents on listings have reached the $430 mark, reflecting a 4.14% increase in returns based on the current median price in ROCKBANK.
ROCKBANK, 3335 ranks 1st in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 152nd on the list of best yielding suburbs for rental properties in VIC, posting a 4.14% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $540,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 6.93% | N/A |
| Median 12 month | 44% | N/A |
| Median 3 years | N/A | N/A |
| Median 5 years | 98.53% | N/A |
| 10 years average annual | 19.95% | N/A |
| Weekly media advert. rent | $430 | N/A |
| Time on Market | 40.7 days | N/A |
| Gross Rental Yield Percent | 4.14% | N/A |
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