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Flora Hill
AREA REPORTS

Flora Hill

Flora Hill - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3550

house
unit

A steady increase in median property prices over a five-year period in the suburb translates to a 42.86% 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 $500,000

The augmented property values in the suburb are trailing above the territorial average of 18.09% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $377.5.

Home owners selling their properties and realtors in FLORA HILL usually have to wait an average of 27.5 days days before their assets are lifted off the market.

The VIC suburb ranks 100th on the list of best yielding suburbs for rental properties in VIC, posting a 3.93% return.

It also places places 180th in Australia based on median property value growth during the quarter.

Data report can be found below

Flora Hill
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $500,000 $360,000
GROWTH REPORT
Median Quarterly 6.38% 2.86%
Median 12 month 26.58% 6.67%
Median 3 years 42.86% 63.08%
Median 5 years 61.29% 38.46%
10 years average annual 6.04% 6.02%
Weekly media advert. rent $377.5 $300
Time on Market 27.5 days 28.2 days
Gross Rental Yield Percent 3.93% 4.33%
demographics (median values)*
Total Population
40339
Weekly Household Income
1107
Household Size
2.30
Age
39
Monthly Loan Repayment
1300
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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