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Metung

Suburb Profile

Metung - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3904

house

Property investors enjoyed capital gains of 17.5% over the last 12 months in METUNG, translating to lower returns compared with its peers in VIC.

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.

The suburb posted a 35.25% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $360 based on current median home prices for the suburb.

On average, rents on listings have reached the $360 mark, reflecting a 3.98% increase in returns based on the current median price in METUNG.

METUNG, 3904 ranks 76th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 140th on the list of best yielding suburbs for rental properties in VIC, posting a 3.98% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $470,000 N/A
GROWTH REPORT
Median Quarterly 3.87% N/A
Median 12 month 17.5% N/A
Median 3 years 35.25% N/A
Median 5 years 60.68% N/A
10 years average annual 7.58% N/A
Weekly media advert. rent $360 N/A
Time on Market 155.6 days N/A
Gross Rental Yield Percent 3.98% N/A
demographics (median values)
Total Population
1204
Weekly Household Income
716.9
Household Size
2.20
demographics
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