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 $745,000.

Profits due to an downward trend in home prices in the suburb averaged -0.11% per annum over a 3-year period.

MANSFIELD now ranks at the 539th 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 $590 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 105 days.

In 2016, 72 properties were sold in MANSFIELD during the past year, making it the 96th most active market in VIC based on total real estate transactions.

MANSFIELD ranks 167th 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 4.39% for the past year, which is lower than average compared to its 38.96% growth within a five-year period.

With the median home price in MANSFIELD sitting at $535,000, and the average rent at $530, property owners could potentially earn a 5.15% increase in gross rental yield.

Property investors have seen a 19.15% gain in MANSFIELD based on an increase in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that MANSFIELD, 3722 obtained a 7.63% growth over a ten-year period. It ranks 369th 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	$745,000	$535,000
Growth Report
Median Quarterly	-0.33%	19.15%
Median 12 month	-1%	4.39%
Median 3 years	-0.33%	18.89%
Median 5 years	42.58%	38.96%
10 years average annual	7.65%	7.63%
Weekly media advert. rent	$590	$530
Time on Market	105 days	97.3 days
Gross Rental Yield Percent	4.12%	5.15%

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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