NEERIM SOUTH, 3831 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 $310,000.
Profits due to an downward trend in home prices in the suburb averaged -3.16% per annum over a 3-year period.
Because of this real estate investors could earn a rental income of $287.5 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 NEERIM SOUTH, homes and units usually stay on listing for an average of 113.2 days.
In 2016, 20 properties were sold in NEERIM SOUTH during the past year, making it the 461st most active market in VIC based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-6.06%||N/A|
|Median 3 years||-9.49%||N/A|
|Median 5 years||7.83%||N/A|
|10 years average annual||6.7%||N/A|
|Weekly media advert. rent||$287.5||N/A|
|Time on Market||113.2 days||N/A|
|Gross Rental Yield Percent||4.82%||N/A|