Property investments in GOUGHS BAY did not fare well against the rest of the country last year, registering a median home price decrease of 3.03%.
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 116.9 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 $255,000.
GOUGHS BAY ranks 727th 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||3.03%||N/A|
|Median 3 years||N/A||N/A|
|Median 5 years||15.91%||N/A|
|10 years average annual||4.48%||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||116.9 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|