Migration cut plans set to impact property market
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Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also 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 $85,750.
The upward trend in home prices in HOPETOUN, 3396 averaged 2.4% per annum over a 3-year period.
Average weekly rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in HOPETOUN.
An average of 1.33 real estate transactions take place per month in HOPETOUN which translates to 16 per annum.
16 properties were sold in HOPETOUN in 2016, making it the 548th most active market in VIC based on total real estate transactions.
HOPETOUN, 3396 places 411th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $85,750 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0.29% | N/A |
| Median 12 month | 7.86% | N/A |
| Median 3 years | 7.19% | N/A |
| Median 5 years | N/A | N/A |
| 10 years average annual | -2.05% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 182.9 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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