PARADISE BEACH, 3851 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 $180,000.
Profits due to an upward trend in home prices in the suburb averaged 2.59% per annum over a 3-year period.
PARADISE BEACH now ranks at the 603rd 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 172.8 days.
In 2016, 15 properties were sold in PARADISE BEACH during the past year, making it the 560th most active market in VIC based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-12.2%||N/A|
|Median 3 years||7.78%||N/A|
|Median 5 years||33.33%||N/A|
|10 years average annual||3.01%||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||172.8 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|