Property investors have seen a 0.38% 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 $327,500
Profits averaged 7.1% per annum over a 3-year period, due to an upward 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 4.45%.
An average of 1.75 real estate transactions take place per month in IRONBARK which translates to 21 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||9.17%||N/A|
|Median 3 years||21.3%||N/A|
|Median 5 years||23.58%||N/A|
|10 years average annual||3.13%||N/A|
|Weekly media advert. rent||$280||N/A|
|Time on Market||84.8 days||N/A|
|Gross Rental Yield Percent||4.45%||N/A|