Mount Evelyn

POSTAL CODE: VIC, 3796

HOUSE

UNIT

Property investments in MOUNT EVELYN fare well against the rest of the country last year, registering a median home price increase of 6.97%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains MOUNT EVELYN, 3796 saw average growth in the long term.

Real estate investors could earn a rental income of $600 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 30.3 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $882,500.

MOUNT EVELYN ranks 307th on the list of best yielding suburbs for rental properties in VIC, posting a 3.54% return.

Based on its average 5-year and quarterly capital gains MOUNT EVELYN, 3796 saw average growth in the long term.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Profits due to an upward trend in home prices in MOUNT EVELYN, 3796 averaged 10.2% per annum over a 3-year period.

Average weekly rents on listings have reached the $610 mark, reflecting a 4.19% increase in returns based on the current median price in MOUNT EVELYN.

An average of 0.83 real estate transactions take place per month in MOUNT EVELYN which translates to 10 per annum.

10 properties were sold in MOUNT EVELYN during the past year, making it the 410th most active market in VIC based on total real estate transactions.

MOUNT EVELYN, 3796 places th 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	$882,500	$757,500
Growth Report
Median Quarterly	0%	0%
Median 12 month	6.97%	0%
Median 3 years	0.86%	30.6%
Median 5 years	22.57%	0%
10 years average annual	6.03%	0%
Weekly media advert. rent	$600	$610
Time on Market	30.3 days	N/A
Gross Rental Yield Percent	3.54%	4.19%

Demographics (Median Values)*

Total Population 9702

Weekly Household Income 1655

Household Size 2.90

Average Age 37

Monthly Loan Repayment 1733

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

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