Homeowners and real estate investors betting on BIRCHIP, 3483 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 14.47%.
Property investors in BIRCHIP enjoyed capital gains of 14.47% over the last 12 months translating to lower returns compared with its peers in the territory.
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 $70,000.
Profits due to an downward trend in home prices there averaged -12.59% per annum over a 3-year period.
Home owners selling their properties and realtors in BIRCHIP usually have to wait an average of 143.7 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in BIRCHIP.
BIRCHIP, 3483 places 3rd in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||14.47%||N/A|
|Median 3 years||-37.78%||N/A|
|Median 5 years||-20%||N/A|
|10 years average annual||3.7%||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||143.7 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|