Competition from FHBs not expected until late 2019
First-home buyers are expected to return to the market by the end of 2019, meaning property investors could have less-than-expected competit...
Property investors have seen a 0.41% gain in DOREEN based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on DOREEN, 3754 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 15.43%.
Based on its average 5-year and quarterly capital gains DOREEN, 3754 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 $600,250
Profits averaged 12.48% per annum over a 3-year period, due to an upward trend in home prices in DOREEN, 3754.
This means, real estate investors could earn a rental income of $392.5 based on current median home prices for the suburb.
The gross rental yield in DOREEN, 3754 is 3.4%.
An average of 24.83 real estate transactions take place per month in DOREEN which translates to 298 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $600,250 | $392,008 |
| GROWTH REPORT | ||
| Median Quarterly | 0.41% | N/A |
| Median 12 month | 15.43% | N/A |
| Median 3 years | 37.44% | 96% |
| Median 5 years | 39.59% | N/A |
| 10 years average annual | 5.16% | N/A |
| Weekly media advert. rent | $392.5 | $330 |
| Time on Market | 32.5 days | 0.0 days |
| Gross Rental Yield Percent | 3.4% | 4.38% |
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