Migration cut plans set to impact property market
Top property industry bosses hold opposing views to the Prime Minister’s recently announced plan to reduce Australia’s migration intak...
The VIC 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 $348,000
Profits averaged 0.78% per annum over a 3-year period, due to an upward trend in home prices in MARONG, 3515.
The gross rental yield in MARONG, 3515 is 0%.
An average of 1.58 real estate transactions take place per month in MARONG which translates to 19 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $348,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | N/A | N/A |
| Median 12 month | 0.14% | N/A |
| Median 3 years | 2.35% | N/A |
| Median 5 years | N/A | N/A |
| 10 years average annual | -0.13% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 59.6 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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