Quarry Hill

POSTAL CODE: VIC, 3550

HOUSE

UNIT

Property investors have seen a 4.17% gain in QUARRY HILL based on an increase in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains QUARRY HILL, 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 $625,000

Profits averaged 0.67% per annum over a 3-year period, due to an upward trend in home prices in QUARRY HILL, 3550.

This means, real estate investors could earn a rental income of $485 based on current median home prices for the suburb.

The gross rental yield in QUARRY HILL, 3550 is 4.04%.

An average of 4.08 real estate transactions take place per month in QUARRY HILL which translates to 49 per annum.

Property investments in QUARRY HILL did not fare well against the rest of the country last year, registering a median home price decrease of -5.1%.

Figures from the previous quarter show that capital gains for real estate buyers in QUARRY HILL are high, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains QUARRY HILL, 3550 saw average growth in the long term.

This means, real estate investors could earn a rental income of $430 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In QUARRY HILL, homes and units usually stay on listing for an average of 97.4 days.

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 $400,000

Investors saw the median home price rise to $400,000.

QUARRY HILL ranks 39th on the list of best yielding suburbs for rental properties in VIC, posting a 5.59% return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$625,000	$400,000
Growth Report
Median Quarterly	4.17%	1.91%
Median 12 month	0%	-5.1%
Median 3 years	2.12%	12.68%
Median 5 years	45.35%	0%
10 years average annual	5.78%	-8.18%
Weekly media advert. rent	$485	$430
Time on Market	95.2 days	97.4 days
Gross Rental Yield Percent	4.04%	5.59%

Demographics (Median Values)*

Total Population 40339

Weekly Household Income 1107

Household Size 2.30

Average 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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