Property investors enjoyed capital gains of 6.59% over the last 12 months in CASTLEMAINE, translating to lower returns compared with its peers in VIC.
Figures from the previous quarter show that capital gains for real estate buyers in CASTLEMAINE are low, as opposed to average gains per annum over the past five years.
The suburb posted a 18.11% 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 $320 based on current median home prices for the suburb.
On average, rents on listings have reached the $320 mark, reflecting a 3.81% increase in returns based on the current median price in CASTLEMAINE.
CASTLEMAINE, 3450 ranks 520th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 223rd on the list of best yielding suburbs for rental properties in VIC, posting a 3.81% return.
Property investors have seen a -0.77% drop in CASTLEMAINE based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains CASTLEMAINE, 3450 saw average growth in the long term.
CASTLEMAINE, 3450 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 $322,500.
Profits due to an upward trend in home prices in CASTLEMAINE, 3450 averaged 8.01% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $287.5 based on current median home prices for the suburb.
The gross rental yield in CASTLEMAINE, 3450 is 4.64%.
An average of 1.33 real estate transactions take place per month in CASTLEMAINE which translates to 16 per annum.
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