Midyear State Of Affairs: A Closer Look At The Country’s Markets
With market conditions changing at varying degrees across the country, seven experts from Property Investment Profession...
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 $692,500.
The upward trend in home prices in KINGLAKE, 3763 averaged 15.52% per annum over a 3-year period.
Average weekly rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in KINGLAKE.
An average of 2.5 real estate transactions take place per month in KINGLAKE which translates to 30 per annum.
30 properties were sold in KINGLAKE in 2016, making it the 353rd most active market in VIC based on total real estate transactions.
KINGLAKE, 3763 places 282nd in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||10.58%||N/A|
|Median 3 years||46.56%||N/A|
|Median 5 years||95.07%||N/A|
|10 years average annual||10.36%||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||21.6 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|