Menangle Park Could Be The Next South Western Sydney Success Story
For buyers willing to gamble on an early-stage release in an unknown suburb, the rewards might just outweigh the risks. ...
MYRTLEFORD, 3737 ranks 257th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 26.32% for property investors.
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 $390,000.
The upward trend in home prices in MYRTLEFORD, 3737 averaged 10.73% per annum over a 3-year period.
Average weekly rents on listings have reached the $320 mark, reflecting a 4.27% increase in returns based on the current median price in MYRTLEFORD.
An average of 5.33 real estate transactions take place per month in MYRTLEFORD which translates to 64 per annum.
64 properties were sold in MYRTLEFORD in 2016, making it the 129th most active market in VIC based on total real estate transactions.
MYRTLEFORD, 3737 places 432nd in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||26.32%||N/A|
|Median 3 years||32.2%||N/A|
|Median 5 years||56%||N/A|
|10 years average annual||7.22%||N/A|
|Weekly media advert. rent||$320||N/A|
|Time on Market||75.7 days||N/A|
|Gross Rental Yield Percent||4.27%||N/A|