Metung

POSTAL CODE: VIC, 3904

HOUSE

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 $550 based on current median home prices for the suburb.

On average, rents on listings have reached the $550 mark, reflecting a 4.74% increase in returns based on the current median price in METUNG.

METUNG, 3904 ranks 678th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 57th on the list of best yielding suburbs for rental properties in VIC, posting a 4.74% return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$603,000	N/A
Growth Report
Median Quarterly	-5.34%	N/A
Median 12 month	-15.87%	N/A
Median 3 years	-23.18%	N/A
Median 5 years	22.44%	N/A
10 years average annual	8.39%	N/A
Weekly media advert. rent	$550	N/A
Time on Market	140.9 days	N/A
Gross Rental Yield Percent	4.74%	N/A

Demographics (Median Values)*

Total Population 1449

Weekly Household Income 1001

Household Size 2.10

Average Age 58

Monthly Loan Repayment 1300

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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