EAGLEHAWK, 3556 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 EAGLEHAWK, 3556 values up and netting property investors a capital gain of 9.59% for the past year.
Investors saw the median home price rise to $297,000.
Profits due to an upward trend in home prices in the suburb averaged 3.33% per annum over a 3-year period.
EAGLEHAWK now ranks at the 283rd 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 EAGLEHAWK 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 $265 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 EAGLEHAWK, homes and units usually stay on listing for an average of 105.6 days.
In 2016, 103 properties were sold in EAGLEHAWK during the past year, making it the 722nd most active market in VIC based on total real estate transactions.
EAGLEHAWK ranks 75th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.
With the median home price in EAGLEHAWK sitting at $235,000, and the average rent at $235, property owners could potentially earn a 5.2% increase in gross rental yield.
A survey of average capital gains or median home price increase in suburbs across the country shows that EAGLEHAWK, 3556 obtained a 6.4% growth over a ten-year period. It ranks 461st on our list of suburbs that property investors should look into.