Mansfield

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.

Investors saw the median home price rise to $722,000.

Profits due to an downward trend in home prices in the suburb averaged -2.79% per annum over a 3-year period.

MANSFIELD now ranks at the 600th 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 low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $600 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 90.7 days.

In 2016, 81 properties were sold in MANSFIELD during the past year, making it the 67th most active market in VIC based on total real estate transactions.

MANSFIELD ranks 143rd in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

MANSFIELD, 3722 has a capital gain of 31.87% for the past year, which is higher than average compared to its 50% growth within a five-year period.

MANSFIELD, 3722 ranks 76th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 31.87% for property investors last year.

With the median home price in MANSFIELD sitting at $600,000, and the average rent at $500, property owners could potentially earn a 4.33% increase in gross rental yield.

Property investors have seen a -1.64% drop in MANSFIELD based on a decrease in median home prices for the past three months.

Homeowners and real estate investors betting on MANSFIELD, 3722 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 31.87%.

A survey of average capital gains or median home price increase in suburbs across the country shows that MANSFIELD, 3722 obtained a 10.64% growth over a ten-year period. It ranks 1643rd on our list of suburbs that property investors should look into.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$722,000	$600,000
Growth Report
Median Quarterly	-3.73%	-1.64%
Median 12 month	-5.62%	31.87%
Median 3 years	-8.38%	18.81%
Median 5 years	20.33%	50%
10 years average annual	7.3%	10.64%
Weekly media advert. rent	$600	$500
Time on Market	90.7 days	119.8 days
Gross Rental Yield Percent	4.32%	4.33%

Demographics (Median Values)*

Total Population 5018

Weekly Household Income 1096

Household Size 2.30

Average Age 45

Monthly Loan Repayment 1411

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

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