Nagambie

POSTAL CODE: VIC, 3608

HOUSE

UNIT

Property investments in NAGAMBIE fare well against the rest of the country last year, registering a median home price increase of -7.87%.

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 NAGAMBIE, 3608 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 101.2 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 $585,000.

NAGAMBIE ranks 77th on the list of best yielding suburbs for rental properties in VIC, posting a 4.44% return.

Based on its average 5-year and quarterly capital gains NAGAMBIE, 3608 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 NAGAMBIE, 3608 averaged 0% per annum over a 3-year period.

Average weekly rents on listings have reached the $500 mark, reflecting a 5.1% increase in returns based on the current median price in NAGAMBIE.

An average of 0.92 real estate transactions take place per month in NAGAMBIE which translates to 11 per annum.

11 properties were sold in NAGAMBIE during the past year, making it the 385th most active market in VIC based on total real estate transactions.

NAGAMBIE, 3608 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	$585,000	$510,000
Growth Report
Median Quarterly	-2.5%	0%
Median 12 month	-7.87%	0%
Median 3 years	-10.69%	0%
Median 5 years	18.18%	0%
10 years average annual	6.05%	0%
Weekly media advert. rent	$500	$500
Time on Market	101.2 days	127.4 days
Gross Rental Yield Percent	4.44%	5.1%

Demographics (Median Values)*

Total Population 2418

Weekly Household Income 977

Household Size 2.20

Average Age 52

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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