STRATHDALE, 3550 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 $412,500.
Profits due to an upward trend in home prices in the suburb averaged 1.04% per annum over a 3-year period.
STRATHDALE now ranks at the 45th 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 high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $340 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 78.4 days.
In 2016, 102 properties were sold in STRATHDALE during the past year, making it the 738th most active market in VIC based on total real estate transactions.
STRATHDALE ranks 313th 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 14.43% for the past year, which is higher than average compared to its 6.53% growth within a five-year period.
STRATHDALE, 3550 ranks 280th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 14.43% for property investors last year.
With the median home price in STRATHDALE sitting at $277,500, and the average rent at $257.5, property owners could potentially earn a 4.83% increase in gross rental yield.
Homeowners and real estate investors betting on STRATHDALE, 3550 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 14.43%.
A survey of average capital gains or median home price increase in suburbs across the country shows that STRATHDALE, 3550 obtained a 2.59% growth over a ten-year period. It ranks 1075th on our list of suburbs that property investors should look into.