Property investors enjoyed capital gains of 22.5% over the last 12 months in SUNBURY, translating to lower returns compared with its peers in VIC.
Figures from the previous quarter show that capital gains for real estate buyers in SUNBURY are high, as opposed to average gains per annum over the past five years.
The suburb posted a 36.11% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $360 based on current median home prices for the suburb.
On average, rents on listings have reached the $360 mark, reflecting a 3.82% increase in returns based on the current median price in SUNBURY.
SUNBURY, 3429 ranks 90th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 220th on the list of best yielding suburbs for rental properties in VIC, posting a 3.82% return.
Property investors have seen a 2.56% gain in SUNBURY based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on SUNBURY, 3429 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 10.92%.
Based on its average 5-year and quarterly capital gains SUNBURY, 3429 saw average growth in the long term.
SUNBURY, 3429 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 $360,500.
Profits due to an upward trend in home prices in SUNBURY, 3429 averaged 5.43% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $320 based on current median home prices for the suburb.
The gross rental yield in SUNBURY, 3429 is 4.62%.
An average of 9.5 real estate transactions take place per month in SUNBURY which translates to 114 per annum.
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