AREA REPORTS

Mansfield

 

 

Suburb Profile

Mansfield - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3722

house
unit

MANSFIELD, 3722 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 MANSFIELD, 3722 values up and netting property investors a capital gain of 13.33% for the past year.

Investors saw the median home price rise to $425,000.

Profits due to an upward trend in home prices in the suburb averaged 7.73% per annum over a 3-year period.

MANSFIELD now ranks at the 44th 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 MANSFIELD are high, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $340 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 MANSFIELD, homes and units usually stay on listing for an average of 92.0 days.

In 2016, 87 properties were sold in MANSFIELD during the past year, making it the 37th most active market in VIC based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $425,000 $310,000
GROWTH REPORT
Median Quarterly 7.59% 18.66%
Median 12 month 13.33% 16.98%
Median 3 years 23.19% 12.73%
Median 5 years 28.79% 31.91%
10 years average annual 6.04% 3.85%
Weekly media advert. rent $340 $277.5
Time on Market 92.0 days 105.9 days
Gross Rental Yield Percent 4.16% 4.65%
demographics (median values)
Total Population
4052
Weekly Household Income
771.4
Household Size
2.40
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