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Kerang
AREA REPORTS

Kerang

Kerang - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3579

house

Property investors have seen a 14.64% gain in KERANG based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on KERANG, 3579 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 23.51%.

Based on its average 5-year and quarterly capital gains KERANG, 3579 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 $207,500

Profits averaged 8.59% per annum over a 3-year period, due to an upward trend in home prices in KERANG, 3579.

This means, real estate investors could earn a rental income of $250 based on current median home prices for the suburb.

The gross rental yield in KERANG, 3579 is 6.27%.

An average of 5.83 real estate transactions take place per month in KERANG which translates to 70 per annum.

Data report can be found below

Kerang
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $207,500 N/A
GROWTH REPORT
Median Quarterly 14.64% N/A
Median 12 month 23.51% N/A
Median 3 years 25.76% N/A
Median 5 years 40.68% N/A
10 years average annual 3.72% N/A
Weekly media advert. rent $250 N/A
Time on Market 135.1 days N/A
Gross Rental Yield Percent 6.27% N/A
demographics (median values)*
Total Population
5365
Weekly Household Income
911
Household Size
2.30
Age
48
Monthly Loan Repayment
977
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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