House prices see largest price drop for last 7 years
A property institute has claimed house prices have seen their largest drop since December 2011, giving buyers the opportunity to add to thei...
Property investors enjoyed capital gains of 7.78% over the last 12 months in VENTNOR, translating to lower returns compared with its peers in VIC.
Figures from the previous quarter show that capital gains for real estate buyers in VENTNOR are low, as opposed to average gains per annum over the past five years.
The suburb posted a 28.65% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $320 based on current median home prices for the suburb.
On average, rents on listings have reached the $320 mark, reflecting a 3.43% increase in returns based on the current median price in VENTNOR.
VENTNOR, 3922 ranks 369th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 246th on the list of best yielding suburbs for rental properties in VIC, posting a 3.43% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $485,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2% | N/A |
| Median 12 month | 7.78% | N/A |
| Median 3 years | 28.65% | N/A |
| Median 5 years | 31.08% | N/A |
| 10 years average annual | 3.07% | N/A |
| Weekly media advert. rent | $320 | N/A |
| Time on Market | 75.7 days | N/A |
| Gross Rental Yield Percent | 3.43% | N/A |
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