Kerang

POSTAL CODE: VIC, 3579

HOUSE

Property investors have seen a 1.11% gain in KERANG based on an increase 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 $318,500

Profits averaged 5.33% 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 $320 based on current median home prices for the suburb.

The gross rental yield in KERANG, 3579 is 5.22%.

An average of 7 real estate transactions take place per month in KERANG which translates to 84 per annum.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$318,500	N/A
Growth Report
Median Quarterly	1.11%	N/A
Median 12 month	1.92%	N/A
Median 3 years	16.88%	N/A
Median 5 years	63.33%	N/A
10 years average annual	8.1%	N/A
Weekly media advert. rent	$320	N/A
Time on Market	117.2 days	N/A
Gross Rental Yield Percent	5.22%	N/A

Demographics (Median Values)*

Total Population 5365

Weekly Household Income 911

Household Size 2.30

Average 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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