Migration cut plans set to impact property market
Top property industry bosses hold opposing views to the Prime Minister’s recently announced plan to reduce Australia’s migration intak...
Property investors have seen a -3.73% drop in SEASPRAY based on a decrease in median home prices for the past three months.
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 $232,500
Profits averaged 14.07% per annum over a 3-year period, due to an upward trend in home prices in SEASPRAY, 3851.
The gross rental yield in SEASPRAY, 3851 is 0%.
An average of 1.67 real estate transactions take place per month in SEASPRAY which translates to 20 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $232,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -3.73% | N/A |
| Median 12 month | N/A | N/A |
| Median 3 years | 42.2% | N/A |
| Median 5 years | 68.48% | N/A |
| 10 years average annual | N/A | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 134.6 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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