Fact or myth: Does water view affect property price growth?
Waterfront locations, particularly in capital cities such as Sydney, are often deemed as “prestige property markets”, but can scenic vie...
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $668,250.
Profits due to an downward trend in home prices there averaged -0.82% per annum over a 3-year period.
Home owners selling their properties and realtors in LAKE WENDOUREE usually have to wait an average of 64.9 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $360 mark, reflecting a 2.8% increase in returns based on the current median price in LAKE WENDOUREE.
LAKE WENDOUREE, 3350 places 144th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-13.77%||-2.07%|
|Median 3 years||-2.45%||31.97%|
|Median 5 years||-0.63%||5.65%|
|10 years average annual||7.05%||2.64%|
|Weekly media advert. rent||$360||$300|
|Time on Market||64.9 days||0.0 days|
|Gross Rental Yield Percent||2.8%||4.39%|
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