Why commercial is the new residential
Gone are the golden days where you could purchase residential properties with yields of 6, 7 or 8 per cent or build a self-sustaining prope...
INGLEWOOD, 3517 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in VIC have risen as a whole, pulling INGLEWOOD, 3517 values up and netting property investors a capital gain of 14.59% for the past year.
Investors saw the median home price rise to $211,999.
INGLEWOOD now ranks at the 115th 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 93.2 days.
In 2016, 21 properties were sold in INGLEWOOD during the past year, making it the 477th most active market in VIC based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $211,999 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 6% | N/A |
| Median 12 month | 14.59% | N/A |
| Median 3 years | N/A | N/A |
| Median 5 years | N/A | N/A |
| 10 years average annual | 5.98% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 93.2 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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