Property market update: Melbourne, December 2018
After an unprecedented property boom, the Melbourne market started to soften in 2018—a trend further enhanced by the tightening of credit ...
Figures from the previous quarter show that capital gains for real estate buyers in METUNG are low, as opposed to average gains per annum over the past five years.
This number can mean, real estate investors could earn a rental income of $330 based on current median home prices for the suburb.
On average, rents on listings have reached the $330 mark, reflecting a 4.91% increase in returns based on the current median price in METUNG.
METUNG, 3904 ranks 597th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 92nd on the list of best yielding suburbs for rental properties in VIC, posting a 4.91% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $349,750 | $183,500 |
| GROWTH REPORT | ||
| Median Quarterly | -1.48% | -3.93% |
| Median 12 month | -0.07% | N/A |
| Median 3 years | 18.56% | N/A |
| Median 5 years | 3.63% | N/A |
| 10 years average annual | 4.38% | N/A |
| Weekly media advert. rent | $330 | N/A |
| Time on Market | 156.3 days | 0.0 days |
| Gross Rental Yield Percent | 4.91% | N/A |
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