Markets In A ‘sound’ State Despite Shift: PIPA
The winds of change are sweeping through the country’s real estate market, but for Property Investment Professionals o...
Property investors have seen a 1.39% 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 12.31%.
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 $730,000
Profits averaged 4.99% 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 $420 based on current median home prices for the suburb.
The gross rental yield in SOUTH MORANG, 3752 is 2.99%.
An average of 25.42 real estate transactions take place per month in SOUTH MORANG which translates to 305 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||12.31%||6.74%|
|Median 3 years||14.96%||15.43%|
|Median 5 years||43.98%||29.78%|
|10 years average annual||6.15%||3.21%|
|Weekly media advert. rent||$420||$372.5|
|Time on Market||37.9 days||54.4 days|
|Gross Rental Yield Percent||2.99%||4.08%|