Property investments in GOUGHS BAY did not fare well against the rest of the country last year, registering a median home price increase of 0.3%.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 118.7 days.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $247,000.
GOUGHS BAY ranks 707th on the list of best yielding suburbs for rental properties in VIC, posting a 0% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||0.3%||N/A|
|Median 3 years||8.57%||N/A|
|Median 5 years||25.06%||N/A|
|10 years average annual||4.94%||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||118.7 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|