Property investors have seen a 2.37% gain in SOUTH MORANG based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on SOUTH MORANG, 3752 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 17.79%.
Based on its average 5-year and quarterly capital gains SOUTH MORANG, 3752 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 $626,000
Profits averaged 16.23% per annum over a 3-year period, due to an upward trend in home prices in SOUTH MORANG, 3752.
This means, real estate investors could earn a rental income of $395 based on current median home prices for the suburb.
The gross rental yield in SOUTH MORANG, 3752 is 3.28%.
An average of 24.42 real estate transactions take place per month in SOUTH MORANG which translates to 293 per annum.
Property investments in SOUTH MORANG fare well against the rest of the country last year, registering a median home price increase of 6.76%.
Figures from the previous quarter show that capital gains for real estate buyers in SOUTH MORANG are low, as opposed to average gains per annum over the past five years.
This means, real estate investors could earn a rental income of $335 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In SOUTH MORANG, homes and units usually stay on listing for an average of 55.7 days.
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 $395,000
Investors saw the median home price rise to $395,000.
SOUTH MORANG ranks 120th on the list of best yielding suburbs for rental properties in VIC, posting a 4.41% return.
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