Property Market Update: Melbourne, September 2021
Melbourne’s property market kept the ball rolling in September as the city’s dwelling values rose once more during t...
The suburb’s capital gain of 10% for the past year is lower than average compared to its 69.23% growth within a five-year period.
Also in MELTON SOUTH, the median home price is sitting at $440,000, and the average rent at $330, this suggests property owners could potentially earn a 3.9% increase in gross rental yield.
Property investors have seen a 0.92% gain in MELTON SOUTH based on an increase 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 6.16% growth over a ten-year period. It ranks 1462nd on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||10%||3.27%|
|Median 3 years||7.32%||1.94%|
|Median 5 years||69.23%||44.95%|
|10 years average annual||6.16%||4.22%|
|Weekly media advert. rent||$330||$300|
|Time on Market||51.9 days||62.9 days|
|Gross Rental Yield Percent||3.9%||4.94%|