AREA REPORTS

Officer

VIC/
Officer

Suburb Profile

Officer - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3809

house

Property investors enjoyed capital gains of 26.7% over the last 12 months in OFFICER, translating to lower returns compared with its peers in VIC.

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

The suburb posted a 75% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $390 based on current median home prices for the suburb.

On average, rents on listings have reached the $390 mark, reflecting a 3.62% increase in returns based on the current median price in OFFICER.

OFFICER, 3809 ranks 32nd in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 212th on the list of best yielding suburbs for rental properties in VIC, posting a 3.62% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $560,000 N/A
GROWTH REPORT
Median Quarterly 4.67% N/A
Median 12 month 26.7% N/A
Median 3 years 75% N/A
Median 5 years 47.37% N/A
10 years average annual 7.4% N/A
Weekly media advert. rent $390 N/A
Time on Market 34.2 days N/A
Gross Rental Yield Percent 3.62% N/A
demographics (median values)
Total Population
1414
Weekly Household Income
1294
Household Size
3.10
demographics
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