Property investors have seen a -6.43% drop in KERANG based on a decrease in median home prices for the past three months.
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 $163,750
Profits averaged 4.97% 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 $200 based on current median home prices for the suburb.
The gross rental yield in KERANG, 3579 is 6.35%.
An average of 5.58 real estate transactions take place per month in KERANG which translates to 67 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||3.97%||N/A|
|Median 3 years||14.91%||N/A|
|Median 5 years||2.34%||N/A|
|10 years average annual||1.76%||N/A|
|Weekly media advert. rent||$200||N/A|
|Time on Market||129.6 days||N/A|
|Gross Rental Yield Percent||6.35%||N/A|