Avenel

POSTAL CODE: VIC, 3664

HOUSE

Property investors have seen a 6.19% gain in AVENEL based on an increase in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains AVENEL, 3664 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 $600,000

Profits averaged 6.67% per annum over a 3-year period, due to an upward trend in home prices in AVENEL, 3664.

This means, real estate investors could earn a rental income of $442.5 based on current median home prices for the suburb.

The gross rental yield in AVENEL, 3664 is 3.84%.

An average of 1.92 real estate transactions take place per month in AVENEL which translates to 23 per annum.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$600,000	N/A
Growth Report
Median Quarterly	6.19%	N/A
Median 12 month	6.19%	N/A
Median 3 years	20.6%	N/A
Median 5 years	37.14%	N/A
10 years average annual	9.35%	N/A
Weekly media advert. rent	$443	N/A
Time on Market	56.5 days	N/A
Gross Rental Yield Percent	3.84%	N/A

Demographics (Median Values)*

Total Population 1070

Weekly Household Income 1197

Household Size 2.40

Average Age 45

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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