House Prices To Add Another 20% If Banks Don't Slam The Brakes
Chatter about the possible introduction of macro prudential controls to slow house price growth is increasing, while rep...
A steady increase in median property prices over a five-year period in the suburb translates to a 50% capital gain.
It 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 $106,500
The augmented property values in the suburb are trailing behind the territorial average of 7.64% in 2016.
Home owners selling their properties and realtors in SEA LAKE usually have to wait an average of 128.3 days days before their assets are lifted off the market.
The VIC suburb ranks 688th on the list of best yielding suburbs for rental properties in VIC, posting a 0% return.
It also places places 400th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||6.5%||N/A|
|Median 3 years||50%||N/A|
|Median 5 years||18.33%||N/A|
|10 years average annual||8.85%||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||128.3 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|