Traralgon

POSTAL CODE: VIC, 3844

HOUSE

UNIT

Based on its average 5-year and quarterly capital gains TRARALGON, 3844 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that TRARALGON, 3844 obtained a 7.08% growth over a ten-year period. It ranks 1885th on our list of suburbs that property investors should look into.

TRARALGON, 3844 in VIC belongs to the local government area of Latrobe (Vic.).

TRARALGON, 3844 has a capital gain of 7% for the past year, which is lower than average compared to its 57.35% growth within a five-year period.

With the median home price in TRARALGON sitting at $535,000, and the average rent at $485, property owners could potentially earn a 4.71% increase in gross rental yield.

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

A steady increase in median property prices over a five-year period in TRARALGON, 3844 translates to a 3.39% capital gain.

TRARALGON, 3844 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 $320,000.

Profits due to an upward trend in home prices in TRARALGON, 3844 averaged 1.13% per annum over a 3-year period.

Home owners selling their properties and realtors in TRARALGON usually have to wait an average of 92.2 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $370 mark, reflecting a 6.01% increase in returns based on the current median price in TRARALGON.

TRARALGON, 3844 places 200th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$535,000	$320,000
Growth Report
Median Quarterly	4.49%	1.59%
Median 12 month	7%	-0.93%
Median 3 years	11.87%	3.39%
Median 5 years	57.35%	46.12%
10 years average annual	7.08%	4.95%
Weekly media advert. rent	$485	$370
Time on Market	94.4 days	92.2 days
Gross Rental Yield Percent	4.71%	6.01%

Demographics (Median Values)*

Total Population 28980

Weekly Household Income 1321

Household Size 2.40

Average Age 38

Monthly Loan Repayment 1400

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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