VIC/
Bunyip

Suburb Profile

Bunyip - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3815

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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 24.44% for the past year.

Investors saw the median home price rise to $448,000.

Profits due to an upward trend in home prices in the suburb averaged 10.27% per annum over a 3-year period.

BUNYIP now ranks at the 83rd 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 high, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $380 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 48.8 days.

In 2016, 26 properties were sold in BUNYIP during the past year, making it the 362nd most active market in VIC based on total real estate transactions.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $448,000 $330,000
GROWTH REPORT
Median Quarterly 7.31% -2.65%
Median 12 month 24.44% 0.76%
Median 3 years 30.8% N/A
Median 5 years 28.92% N/A
10 years average annual 4.93% 0.76%
Weekly media advert. rent $380 N/A
Time on Market 48.8 days 0.0 days
Gross Rental Yield Percent 4.41% N/A
demographics (median values)
Total Population
2108
Weekly Household Income
991.9
Household Size
2.90
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Bunyip, VIC
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