Victorian land sales strong despite restrictions
COVID-19 restrictions have not stopped investors in Victorian land buyers, with new research confirming developer and government incentives ...
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 $300 based on current median home prices for the suburb.
On average, rents on listings have reached the $300 mark, reflecting a 3.8% increase in returns based on the current median price in METUNG.
METUNG, 3904 ranks th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 190th on the list of best yielding suburbs for rental properties in VIC, posting a 3.8% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $410,000 | $215,000 |
| GROWTH REPORT | ||
| Median Quarterly | -3.53% | N/A |
| Median 12 month | 0% | N/A |
| Median 3 years | 13.89% | N/A |
| Median 5 years | 38.4% | N/A |
| 10 years average annual | 5.49% | N/A |
| Weekly media advert. rent | $300 | N/A |
| Time on Market | 153.7 days | 0.0 days |
| Gross Rental Yield Percent | 3.8% | N/A |
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