Investors cautioned as property developers on the ‘hit list’
Property investors who are getting creative with developments and their self-managed superannuation funds should be wary that the regulator...
Property investors have seen a -1.61% drop in NARRE WARREN based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains NARRE WARREN, 3805 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 $610,000
Profits averaged 13.95% per annum over a 3-year period, due to an upward trend in home prices in NARRE WARREN, 3805.
This means, real estate investors could earn a rental income of $380 based on current median home prices for the suburb.
The gross rental yield in NARRE WARREN, 3805 is 3.24%.
An average of 27.67 real estate transactions take place per month in NARRE WARREN which translates to 332 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $610,000 | $420,000 |
| GROWTH REPORT | ||
| Median Quarterly | -1.61% | -1.64% |
| Median 12 month | 3.04% | 2.44% |
| Median 3 years | 41.86% | 31.25% |
| Median 5 years | 64.86% | 41.77% |
| 10 years average annual | 7.67% | 6.37% |
| Weekly media advert. rent | $380 | $340 |
| Time on Market | 40.9 days | 48.1 days |
| Gross Rental Yield Percent | 3.24% | 4.21% |
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