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8 MIN READProperty 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...
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Melton SouthMelton South - SUBURB PROFILE REPORT
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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 Price | $440,000 | $316,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0.92% | 1.94% |
| 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% |
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