Porepunkah

POSTAL CODE: VIC, 3740

HOUSE

Property investors have seen a -0.57% drop in POREPUNKAH based on a decrease in median home prices for the past three months.

Homeowners and real estate investors betting on POREPUNKAH, 3740 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 19.32%.

Based on its average 5-year and quarterly capital gains POREPUNKAH, 3740 saw average growth in the long term.

The VIC 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 $960,500

Profits averaged -2.33% per annum over a 3-year period, due to an downward trend in home prices in POREPUNKAH, 3740.

This means, real estate investors could earn a rental income of $580 based on current median home prices for the suburb.

The gross rental yield in POREPUNKAH, 3740 is 3.14%.

An average of 1.83 real estate transactions take place per month in POREPUNKAH which translates to 22 per annum.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$960,500	N/A
Growth Report
Median Quarterly	-0.57%	N/A
Median 12 month	19.32%	N/A
Median 3 years	-7.2%	N/A
Median 5 years	52.7%	N/A
10 years average annual	12.52%	N/A
Weekly media advert. rent	$580	N/A
Time on Market	112.5 days	N/A
Gross Rental Yield Percent	3.14%	N/A

Demographics (Median Values)*

Total Population 1072

Weekly Household Income 1125

Household Size 2.50

Average Age 47

Monthly Loan Repayment 1300

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

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