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Nichols Point
AREA REPORTS

Nichols Point

Nichols Point - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3501

house

Homeowners and real estate investors betting on NICHOLS POINT, 3501 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 25.49%.

A steady increase in median property prices over a five-year period in the suburb translates to a N/A capital gain.

Property investors in NICHOLS POINT enjoyed capital gains of 25.49% 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 $640,000.

Home owners selling their properties and realtors in NICHOLS POINT usually have to wait an average of 0.0 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 NICHOLS POINT.

NICHOLS POINT, 3501 places 17th in Australia based on median property value growth during the quarter.

Data report can be found below

Nichols Point
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $640,000 N/A
GROWTH REPORT
Median Quarterly 14.29% N/A
Median 12 month 25.49% N/A
Median 3 years N/A N/A
Median 5 years 60% N/A
10 years average annual 22.05% N/A
Weekly media advert. rent N/A N/A
Time on Market 0.0 days N/A
Gross Rental Yield Percent N/A N/A
demographics (median values)*
Total Population
1941
Weekly Household Income
1590
Household Size
2.90
Age
40
Monthly Loan Repayment
1528
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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