20 Perth Suburbs That Have Already Surpassed Expert Predictions
The REIWA’s earlier forecasts for Perth’s property market are on track to be exceeded, with 20 suburbs recording bet...
As its name suggests, Silverleaves is a leaf-shaped strip of land protruding from Australia’s southern peninsula. Straddling the upper portion of Phillip Island, Silverleaves is a beachside neighbourhood beside Cowes, Victoria, hedged against the currents of Western Port Bay by its natural breakwater.
Best known as a resort town, accommodations abound in Silverleaves, in the form of hotels and inns, bed and breakfasts, and beach houses. Vacation homes for tourists and property investors are also in abundance, with most rest houses owned by absentee owners living in or near the Melbourne central business district.
Silverleaves is generally a low-key destination for travellers, but it tends to get busy in the summer, especially in late February during the Phillip Island Grand Prix Circuit. Monied investors, however, can opt to snap up multi-unit, detached properties for sale in Silverleaves to skip the inconvenience.
Real estate climate
The current median home price in the suburb at the moment is $440,000, while larger, more luxurious homes are priced at no less than $1 million. New developments could soon rise in Silverleaves when real estate developers begin scooping up large stretches of land for sale.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||N/A||N/A|
|Median 3 years||N/A||N/A|
|Median 5 years||N/A||N/A|
|10 years average annual||N/A||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||N/A||N/A|
|Gross Rental Yield Percent||N/A||N/A|