Changes in apartment markets continue throughout September
Fresh data shows the apartment market is continuing to evolve and subdue, based on a series of factors including supply, sentiment and finan...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also 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 $288,285.
The upward trend in home prices in MYRTLEFORD, 3737 averaged 6.92% per annum over a 3-year period.
Average weekly rents on listings have reached the $295 mark, reflecting a 5.32% increase in returns based on the current median price in MYRTLEFORD.
An average of 5.67 real estate transactions take place per month in MYRTLEFORD which translates to 68 per annum.
68 properties were sold in MYRTLEFORD in 2016, making it the 114th most active market in VIC based on total real estate transactions.
MYRTLEFORD, 3737 places 567th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $288,285 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -2.28% | N/A |
| Median 12 month | 10.88% | N/A |
| Median 3 years | 20.75% | N/A |
| Median 5 years | 31.04% | N/A |
| 10 years average annual | 3.53% | N/A |
| Weekly media advert. rent | $295 | N/A |
| Time on Market | 98.7 days | N/A |
| Gross Rental Yield Percent | 5.32% | N/A |
Fresh data shows the apartment market is continuing to evolve and subdue, based on a series of factors including supply, sentiment and finan...
Sydney's South-West is the beneficiary of major government spend and redevelopment, and some of its suburbs have seen double-digit growth in...
The increasingly popular trend of short-term letting is having an impact on some of Sydney's visitor and investor favourites, and local auct...
APRA's restrictions on the financing market will have a lasting impact on investors and property values if the federal government doesn't in...
Commercial property investment is a strategy that works but far too many people attempt it too early. The truth of the matter is that it i...
Despite doom-and-gloom headlines that warn against a looming crash in the property market, smart property investors are neither fearful nor ...