Migration cut plans set to impact property market
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INGLEWOOD, 3517 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 $185,000.
INGLEWOOD now ranks at the 581st place on a list of fastest growing suburbs in the territory.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In INGLEWOOD, homes and units usually stay on listing for an average of 156.8 days.
In 2016, 13 properties were sold in INGLEWOOD during the past year, making it the 628th most active market in VIC based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $185,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -2.63% | N/A |
| Median 12 month | -5.13% | N/A |
| Median 3 years | N/A | N/A |
| Median 5 years | N/A | N/A |
| 10 years average annual | 7.4% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 156.8 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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