RHYLL, 3923 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in VIC have risen as a whole, pulling RHYLL, 3923 values up and netting property investors a capital gain of 14.15% for the past year.
Investors saw the median home price rise to $542,500.
Profits due to an upward trend in home prices in the suburb averaged 8.72% per annum over a 3-year period.
RHYLL now ranks at the 417th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in RHYLL are low, as opposed to average gains per annum over the past five years.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In RHYLL, homes and units usually stay on listing for an average of 106.3 days.
In 2016, 19 properties were sold in RHYLL during the past year, making it the 474th most active market in VIC based on total real estate transactions.
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