Swan Hill

POSTAL CODE: VIC, 3585

HOUSE

UNIT

Property investments in SWAN HILL did not fare well against the rest of the country last year, registering a median home price decrease of 1.57%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains SWAN HILL, 3585 saw average growth in the long term.

Real estate investors could earn a rental income of $500 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 61.2 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $485,000.

SWAN HILL ranks 21st on the list of best yielding suburbs for rental properties in VIC, posting a 5.36% return.

Based on its average 5-year and quarterly capital gains SWAN HILL, 3585 saw average growth in the long term.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Profits due to an upward trend in home prices in SWAN HILL, 3585 averaged 0.24% per annum over a 3-year period.

Average weekly rents on listings have reached the $360 mark, reflecting a 5.31% increase in returns based on the current median price in SWAN HILL.

An average of 1.67 real estate transactions take place per month in SWAN HILL which translates to 20 per annum.

20 properties were sold in SWAN HILL during the past year, making it the 265th most active market in VIC based on total real estate transactions.

SWAN HILL, 3585 places th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$485,000	$352,500
Growth Report
Median Quarterly	-1.52%	0%
Median 12 month	1.57%	-0.28%
Median 3 years	22.01%	0.71%
Median 5 years	51.09%	43.88%
10 years average annual	7.07%	7.04%
Weekly media advert. rent	$500	$360
Time on Market	61.2 days	48.3 days
Gross Rental Yield Percent	5.36%	5.31%

Demographics (Median Values)*

Total Population 11206

Weekly Household Income 1099

Household Size 2.30

Average Age 39

Monthly Loan Repayment 1300

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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