Property investors have seen a -0.91% drop in IRONBARK based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains IRONBARK, 3550 saw average decrease 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 $272,500
Profits averaged -2.54% 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 $280 based on current median home prices for the suburb.
The gross rental yield in IRONBARK, 3550 is 5.34%.
An average of 1.75 real estate transactions take place per month in IRONBARK which translates to 21 per annum.
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