Australia’s most popular rental suburbs revealed
Tenants should brace themselves for rental price hikes as tightening vacancy rates continue across the country, new research has revealed. ...
EILDON, 3713 ranks 313th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 20.65% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The 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 $277,500.
The upward trend in home prices in EILDON, 3713 averaged 8.52% per annum over a 3-year period.
Average weekly rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in EILDON.
An average of 2.33 real estate transactions take place per month in EILDON which translates to 28 per annum.
28 properties were sold in EILDON in 2016, making it the 371st most active market in VIC based on total real estate transactions.
EILDON, 3713 places 287th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $277,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2.78% | N/A |
| Median 12 month | 20.65% | N/A |
| Median 3 years | 25.57% | N/A |
| Median 5 years | 35.37% | N/A |
| 10 years average annual | 4.53% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 80.1 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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