KYNETON, 3444 ranks 3447th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 1.27% for property investors.
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 $800,000.
The downward trend in home prices in KYNETON, 3444 averaged -3.62% per annum over a 3-year period.
Average weekly rents on listings have reached the $600 mark, reflecting a 3.9% increase in returns based on the current median price in KYNETON.
An average of 9.33 real estate transactions take place per month in KYNETON which translates to 112 per annum.
112 properties were sold in KYNETON in 2016, making it the 683rd most active market in VIC based on total real estate transactions.
KYNETON, 3444 places 491st in Australia based on median property value growth during the quarter.
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 $580,000.
Average median unit prices in VIC have risen as a whole, pulling KYNETON, 3444 values up and netting property investors a capital gain of 18.37% for the past year.
Investors saw the median home price rise to $580,000.
The upward trend in home prices in KYNETON, 3444 averaged 0% per annum over a 3-year period.
KYNETON now ranks at the 12th 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 KYNETON are high, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $470 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In KYNETON, homes and units usually stay on listing for an average of N/A.
15 properties were sold in KYNETON in 2016, making it the 320th most active market in VIC based on total real estate transactions.