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 11.46%.
A steady increase in median property prices over a five-year period in the suburb translates to a -8.9% capital gain.
Property investors in MALLACOOTA enjoyed capital gains of 11.46% 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 $535,000.
Profits due to an downward trend in home prices there averaged -2.97% per annum over a 3-year period.
Home owners selling their properties and realtors in MALLACOOTA usually have to wait an average of N/A days before their assets are lifted off the market.
Average weekly rents on listings have reached the $1605 mark, reflecting a N/A increase in returns based on the current median price in MALLACOOTA.
MALLACOOTA, 3892 places 372nd in Australia based on median property value growth during the quarter.