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Minyip
AREA REPORTS

Minyip

Minyip - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3392

house

MINYIP, 3392 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Investors saw the median home price rise to $138,500.

Profits due to an upward trend in home prices in the suburb averaged 21.63% per annum over a 3-year period.

MINYIP now ranks at the 42nd place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in MINYIP are low, as opposed to average gains per annum over the past five years.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In MINYIP, homes and units usually stay on listing for an average of 0.0 days.

In 2016, 11 properties were sold in MINYIP during the past year, making it the 739th most active market in VIC based on total real estate transactions.

Data report can be found below

Minyip
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $138,500 N/A
GROWTH REPORT
Median Quarterly 11.24% N/A
Median 12 month N/A N/A
Median 3 years 64.88% N/A
Median 5 years 62.94% N/A
10 years average annual 43.15% N/A
Weekly media advert. rent N/A N/A
Time on Market 0.0 days N/A
Gross Rental Yield Percent N/A N/A
demographics (median values)*
Total Population
580
Weekly Household Income
736
Household Size
1.90
Age
57
Monthly Loan Repayment
593
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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