How to avoid buying overvalued properties
As stock levels continue to remain low and first-time buyers rush the market, it is becoming increasingly difficult for property investors t...
The suburb’s capital gain of -3.73% for the past year is lower than average compared to its 72.2% growth within a five-year period.
Also in MELTON SOUTH, the median home price is sitting at $399,500, and the average rent at $320, this suggests property owners could potentially earn a 4.17% increase in gross rental yield.
Property investors have seen a -1.36% drop in MELTON SOUTH based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 7.37% growth over a ten-year period. It ranks 479th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $399,500 | $292,000 |
| GROWTH REPORT | ||
| Median Quarterly | -1.36% | -4.26% |
| Median 12 month | -3.73% | -5.81% |
| Median 3 years | 52.48% | 32.73% |
| Median 5 years | 72.2% | 58.27% |
| 10 years average annual | 7.37% | 5.64% |
| Weekly media advert. rent | $320 | $290 |
| Time on Market | 67.3 days | 62.8 days |
| Gross Rental Yield Percent | 4.17% | 5.16% |
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