Olinda

POSTAL CODE: VIC, 3788

HOUSE

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 $940,000.

Profits due to an upward trend in home prices there averaged 0.72% per annum over a 3-year period.

Home owners selling their properties and realtors in OLINDA usually have to wait an average of 81.6 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $780 mark, reflecting a 4.31% increase in returns based on the current median price in OLINDA.

OLINDA, 3788 places 454th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$940,000	N/A
Growth Report
Median Quarterly	-0.53%	N/A
Median 12 month	-0.27%	N/A
Median 3 years	2.17%	N/A
Median 5 years	-6%	N/A
10 years average annual	6.09%	N/A
Weekly media advert. rent	$780	N/A
Time on Market	81.6 days	N/A
Gross Rental Yield Percent	4.31%	N/A

Demographics (Median Values)*

Total Population 1738

Weekly Household Income 1518

Household Size 2.50

Average Age 44

Monthly Loan Repayment 1800

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

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