Strathdale

POSTAL CODE: VIC, 3550

HOUSE

UNIT

STRATHDALE, 3550 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in VIC have risen as a whole, pulling STRATHDALE, 3550 values up and netting property investors a capital gain of 12.1% for the past year.

Investors saw the median home price rise to $695,000.

Profits due to an upward trend in home prices in the suburb averaged 1.77% per annum over a 3-year period.

STRATHDALE now ranks at the 257th place on a list of fastest growing suburbs in the territory.

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

Because of this real estate investors could earn a rental income of $550 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In STRATHDALE, homes and units usually stay on listing for an average of 43.8 days.

In 2016, 132 properties were sold in STRATHDALE during the past year, making it the 617th most active market in VIC based on total real estate transactions.

STRATHDALE ranks 220th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

STRATHDALE, 3550 has a capital gain of 6.96% for the past year, which is higher than average compared to its 0% growth within a five-year period.

With the median home price in STRATHDALE sitting at $422,500, and the average rent at $420, property owners could potentially earn a 5.17% increase in gross rental yield.

Property investors have seen a 5.63% gain in STRATHDALE based on an increase in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that STRATHDALE, 3550 obtained a 5.87% growth over a ten-year period. It ranks 744th on our list of suburbs that property investors should look into.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$695,000	$422,500
Growth Report
Median Quarterly	2.06%	5.63%
Median 12 month	12.1%	6.96%
Median 3 years	5.3%	1.75%
Median 5 years	34.82%	0%
10 years average annual	6.24%	5.87%
Weekly media advert. rent	$550	$420
Time on Market	43.8 days	50.5 days
Gross Rental Yield Percent	4.12%	5.17%

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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