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Property investors have seen a 1.02% gain in IRONBARK based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains IRONBARK, 3550 saw average growth in the long term.
The VIC suburb 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 $296,000
Profits averaged -5.64% per annum over a 3-year period, due to an downward trend in home prices in IRONBARK, 3550.
This means, real estate investors could earn a rental income of $319 based on current median home prices for the suburb.
The gross rental yield in IRONBARK, 3550 is 5.6%.
An average of 2.25 real estate transactions take place per month in IRONBARK which translates to 27 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-8.22%||N/A|
|Median 3 years||-16.91%||N/A|
|Median 5 years||-2.95%||N/A|
|10 years average annual||4.4%||N/A|
|Weekly media advert. rent||$319||N/A|
|Time on Market||69.8 days||N/A|
|Gross Rental Yield Percent||5.6%||N/A|
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