Suburb Profile
Kyneton - FREE SUBURB PROFILE REPORT POSTAL CODE: VIC,3444
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 $500,000.
The upward trend in home prices in KYNETON, 3444 averaged 8.33% per annum over a 3-year period.
Average weekly rents on listings have reached the $390 mark, reflecting a 4.06% increase in returns based on the current median price in KYNETON.
An average of 10.58 real estate transactions take place per month in KYNETON which translates to 127 per annum.
127 properties were sold in KYNETON in 2016, making it the 640th most active market in VIC based on total real estate transactions.
KYNETON, 3444 places 218th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $500,000 | $394,000 |
| GROWTH REPORT | ||
| Median Quarterly | 3.09% | 4.65% |
| Median 12 month | 7.53% | 6.49% |
| Median 3 years | 25% | 25.08% |
| Median 5 years | 31.58% | 48.68% |
| 10 years average annual | 7.4% | 8.31% |
| Weekly media advert. rent | $390 | $332.5 |
| Time on Market | 69.5 days | 63.0 days |
| Gross Rental Yield Percent | 4.06% | 4.39% |
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Amazing story so true
The credit vs cash spending behaviour is...