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Based on its average 5-year and quarterly capital gains SUNSET STRIP, 3922 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that SUNSET STRIP, 3922 obtained a 8.41% growth over a ten-year period. It ranks 131st on our list of suburbs that property investors should look into.
SUNSET STRIP, 3922 in VIC belongs to the local government area of Bass Coast (S).
SUNSET STRIP, 3922 has a capital gain of 21.99% for the past year, which is higher than average compared to its 57.27% growth within a five-year period.
With the median home price in SUNSET STRIP sitting at $475,750, and the average rent at $350, property owners could potentially earn a 3.83% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in SUNSET STRIP are low, as opposed to average gains per annum over the past five years.
A 21.99% increase in median property prices in SUNSET STRIP, 3922 has allowed this suburb to join the ranks of best performing suburbs in VIC, settling at number 30th.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $475,750 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 3.42% | N/A |
| Median 12 month | 21.99% | N/A |
| Median 3 years | 48.67% | N/A |
| Median 5 years | 57.27% | N/A |
| 10 years average annual | 8.41% | N/A |
| Weekly media advert. rent | $350 | N/A |
| Time on Market | 66.6 days | N/A |
| Gross Rental Yield Percent | 3.83% | N/A |
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