Prices to soon exceed peak in ‘unsustainable moon-shot’
Residential property prices are set to exceed their 2017 peak in the coming months, but conservatism from mortgage-holders would likely stun...
The suburb’s capital gain of -4.82% for the past year is lower than average compared to its 71.74% growth within a five-year period.
Also in MELTON SOUTH, the median home price is sitting at $395,000, and the average rent at $330, this suggests property owners could potentially earn a 4.34% increase in gross rental yield.
Property investors have seen a -2.47% 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 7.13% growth over a ten-year period. It ranks 598th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $395,000 | $291,500 |
| GROWTH REPORT | ||
| Median Quarterly | -2.47% | -2.67% |
| Median 12 month | -4.82% | -6.87% |
| Median 3 years | 47.39% | 31.01% |
| Median 5 years | 71.74% | 48.35% |
| 10 years average annual | 7.13% | 5.03% |
| Weekly media advert. rent | $330 | $290 |
| Time on Market | 69.1 days | 63.8 days |
| Gross Rental Yield Percent | 4.34% | 5.17% |
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