Strathfieldsaye

POSTAL CODE: VIC, 3551

HOUSE

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

The 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 $720,000.

The upward trend in home prices in STRATHFIELDSAYE, 3551 averaged 1.7% per annum over a 3-year period.

Average weekly rents on listings have reached the $600 mark, reflecting a 4.33% increase in returns based on the current median price in STRATHFIELDSAYE.

An average of 8.25 real estate transactions take place per month in STRATHFIELDSAYE which translates to 99 per annum.

99 properties were sold in STRATHFIELDSAYE in 2016, making it the 2nd most active market in VIC based on total real estate transactions.

STRATHFIELDSAYE, 3551 places 433rd in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$720,000	N/A
Growth Report
Median Quarterly	1.05%	N/A
Median 12 month	1.05%	N/A
Median 3 years	5.11%	N/A
Median 5 years	32.72%	N/A
10 years average annual	6%	N/A
Weekly media advert. rent	$600	N/A
Time on Market	62.3 days	N/A
Gross Rental Yield Percent	4.33%	N/A

Demographics (Median Values)*

Total Population 29565

Weekly Household Income 1637

Household Size 2.90

Average Age 36

Monthly Loan Repayment 1603

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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