Koondrook

KOONDROOK, 3580 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 KOONDROOK, 3580 values up and netting property investors a capital gain of 35.57% for the past year.

Investors saw the median home price rise to $505,000.

Profits due to an upward trend in home prices in the suburb averaged 20.97% per annum over a 3-year period.

KOONDROOK now ranks at the 37th 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 KOONDROOK 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 N/A 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 KOONDROOK, homes and units usually stay on listing for an average of 118.3 days.

In 2016, 21 properties were sold in KOONDROOK during the past year, making it the 455th most active market in VIC based on total real estate transactions.