Property investments in BROWN HILL fare well against the rest of the country last year, registering a median home price increase of 5.7%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains BROWN HILL, 3350 saw average growth in the long term.
Real estate investors could earn a rental income of $290 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 55.1 days.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $357,250.
BROWN HILL ranks 175th on the list of best yielding suburbs for rental properties in VIC, posting a 4.22% return.
Profits due to an upward trend in home prices in BROWN HILL, 3350 averaged 1.03% per annum over a 3-year period.
Average weekly rents on listings have reached the $255 mark, reflecting a 5.3% increase in returns based on the current median price in BROWN HILL.
An average of 1.08 real estate transactions take place per month in BROWN HILL which translates to 13 per annum.
13 properties were sold in BROWN HILL during the past year, making it the 329th most active market in VIC based on total real estate transactions.
BROWN HILL, 3350 places 160th in Australia based on median property value growth during the quarter.
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