Suburb Profile
Invermay Park - FREE SUBURB PROFILE REPORT POSTAL CODE: VIC,3350
Property investments in INVERMAY PARK did not fare well against the rest of the country last year, registering a median home price decrease of 1.04%.
Real estate investors could earn a rental income of $370 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 53.8 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 $390,000.
INVERMAY PARK ranks 97th on the list of best yielding suburbs for rental properties in VIC, posting a 4.93% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $390,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | N/A | N/A |
| Median 12 month | 1.04% | N/A |
| Median 3 years | 0.39% | N/A |
| Median 5 years | 6.85% | N/A |
| 10 years average annual | 2.19% | N/A |
| Weekly media advert. rent | $370 | N/A |
| Time on Market | 53.8 days | N/A |
| Gross Rental Yield Percent | 4.93% | N/A |
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