Kangaroo Flat

POSTAL CODE: VIC, 3555

HOUSE

UNIT

Property investors have seen a 4.45% gain in KANGAROO FLAT based on an increase in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains KANGAROO FLAT, 3555 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 $574,500

Profits averaged 2.67% per annum over a 3-year period, due to an upward trend in home prices in KANGAROO FLAT, 3555.

This means, real estate investors could earn a rental income of $500 based on current median home prices for the suburb.

The gross rental yield in KANGAROO FLAT, 3555 is 4.53%.

An average of 21.83 real estate transactions take place per month in KANGAROO FLAT which translates to 262 per annum.

Property investments in KANGAROO FLAT fare well against the rest of the country last year, registering a median home price increase of 14.3%.

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

Based on its average 5-year and quarterly capital gains KANGAROO FLAT, 3555 saw average growth in the long term.

This means, real estate investors could earn a rental income of $450 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 KANGAROO FLAT, homes and units usually stay on listing for an average of 69.3 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 $467,500

Investors saw the median home price rise to $467,500.

KANGAROO FLAT ranks 102nd on the list of best yielding suburbs for rental properties in VIC, posting a 5.01% return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$574,500	$467,500
Growth Report
Median Quarterly	4.45%	5.06%
Median 12 month	9.74%	14.3%
Median 3 years	8.91%	21.27%
Median 5 years	51.18%	67.86%
10 years average annual	6.88%	7.59%
Weekly media advert. rent	$500	$450
Time on Market	53.8 days	69.3 days
Gross Rental Yield Percent	4.53%	5.01%

Demographics (Median Values)*

Total Population 19687

Weekly Household Income 1060

Household Size 2.30

Average Age 40

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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