Auction ban drives up withdrawal rates
The number of owners withdrawing their property from auction soared to 40 per cent last week, following the introduction of a ban on auction...
Property investors have seen a 20.79% gain in SEASPRAY based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on SEASPRAY, 3851 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 48.78%.
Based on its average 5-year and quarterly capital gains SEASPRAY, 3851 saw average growth in the long term.
The VIC suburb also 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 $305,000
Profits averaged 24.11% per annum over a 3-year period, due to an upward trend in home prices in SEASPRAY, 3851.
This means, real estate investors could earn a rental income of $300 based on current median home prices for the suburb.
The gross rental yield in SEASPRAY, 3851 is 5.11%.
An average of 1 real estate transactions take place per month in SEASPRAY which translates to 12 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $305,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 20.79% | N/A |
| Median 12 month | 48.78% | N/A |
| Median 3 years | 72.32% | N/A |
| Median 5 years | 102.66% | N/A |
| 10 years average annual | 20.54% | N/A |
| Weekly media advert. rent | $300 | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | 5.11% | N/A |
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