Property market update: Melbourne, April 2020
Several weeks after lockdown measures have been passed due to the ongoing COVD-19 pandemic, how is the Melbourne property market faring in t...
Homeowners and real estate investors betting on MALLACOOTA, 3892 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 32.03%.
A steady increase in median property prices over a five-year period in the suburb translates to a 50.89% capital gain.
Property investors in MALLACOOTA enjoyed capital gains of 32.03% over the last 12 months translating to lower returns compared with its peers in the territory.
The 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 $422,500.
Profits due to an upward trend in home prices there averaged 16.96% per annum over a 3-year period.
Home owners selling their properties and realtors in MALLACOOTA usually have to wait an average of 0.0 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $1400 mark, reflecting a 17.23% increase in returns based on the current median price in MALLACOOTA.
MALLACOOTA, 3892 places 137th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||32.03%||N/A|
|Median 3 years||50.89%||N/A|
|Median 5 years||48.25%||N/A|
|10 years average annual||5.47%||N/A|
|Weekly media advert. rent||$1400||N/A|
|Time on Market||0.0 days||N/A|
|Gross Rental Yield Percent||17.23%||N/A|
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