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PARADISE BEACH, 3851 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 PARADISE BEACH, 3851 values up and netting property investors a capital gain of 13.04% for the past year.
Investors saw the median home price rise to $208,000.
PARADISE BEACH now ranks at the 46th 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 PARADISE BEACH are low, as opposed to average gains per annum over the past five years.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In PARADISE BEACH, homes and units usually stay on listing for an average of 0.0 days.
In 2016, 11 properties were sold in PARADISE BEACH during the past year, making it the 691st most active market in VIC based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $208,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 7.35% | N/A |
| Median 12 month | 13.04% | N/A |
| Median 3 years | N/A | N/A |
| Median 5 years | 43.45% | N/A |
| 10 years average annual | 5.57% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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