Inglewood

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 24% for the past year.

Investors saw the median home price rise to $232,500.

Profits due to an upward trend in home prices in the suburb averaged 8.56% per annum over a 3-year period.

INGLEWOOD now ranks at the 63rd place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in INGLEWOOD are high, as opposed to average gains per annum over the past five years.

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 84.3 days.

In 2016, 26 properties were sold in INGLEWOOD during the past year, making it the 414th most active market in VIC based on total real estate transactions.