BUNYIP, 3815 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in VIC have risen as a whole, pulling BUNYIP, 3815 values up and netting property investors a capital gain of 1.89% for the past year.
Investors saw the median home price rise to $540,000.
Profits due to an upward trend in home prices in the suburb averaged 14.41% per annum over a 3-year period.
BUNYIP now ranks at the 48th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in BUNYIP are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $405 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In BUNYIP, homes and units usually stay on listing for an average of 63.0 days.
In 2016, 20 properties were sold in BUNYIP during the past year, making it the 459th most active market in VIC based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||1.89%||N/A|
|Median 3 years||43.24%||N/A|
|Median 5 years||66.15%||N/A|
|10 years average annual||6.92%||N/A|
|Weekly media advert. rent||$405||N/A|
|Time on Market||63.0 days||N/A|
|Gross Rental Yield Percent||3.9%||N/A|
After several weeks of lockdown measures and the beginning of a gradual easing into a “new normal”, how will Sydney – one of Australia...
The week concluding 24 May has seen the highest preliminary auction clearance for the combined capital cities since early March. ...
A Perth tradesman has been fined after pleading guilty to carrying out work on a building project without adequate registration. ...
A radical plan to kickstart economic recovery post-COVID-19 could see Australians handed $50,000 for buying a new home. ...
In the race to reach the post-COVID recovery stage as quickly as possible, the necessity is to bring confidence back, writes Mathew Tiller. ...