Goughs Bay

POSTAL CODE: VIC, 3723

HOUSE

Property investments in GOUGHS BAY fare well against the rest of the country last year, registering a median home price increase of 0%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains GOUGHS BAY, 3723 saw average growth in the long term.

Real estate investors could earn a rental income of N/A based on current median home prices for the suburb.

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 N/A.

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 $650,000.

GOUGHS BAY ranks 648th on the list of best yielding suburbs for rental properties in VIC, posting a N/A return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$650,000	N/A
Growth Report
Median Quarterly	0%	N/A
Median 12 month	0%	N/A
Median 3 years	0%	N/A
Median 5 years	38.3%	N/A
10 years average annual	27.36%	N/A
Weekly media advert. rent	N/A	N/A
Time on Market	N/A	N/A
Gross Rental Yield Percent	0%	N/A

Demographics (Median Values)*

Total Population 3005

Weekly Household Income 1003

Household Size 2.10

Average Age 48

Monthly Loan Repayment 1252

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

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