San Remo

POSTAL CODE: VIC, 3925

HOUSE

UNIT

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $865,000.

The downward trend in home prices in SAN REMO, 3925 averaged -6.51% per annum over a 3-year period.

Average weekly rents on listings have reached the $600 mark, reflecting a 3.61% increase in returns based on the current median price in SAN REMO.

An average of 3.92 real estate transactions take place per month in SAN REMO which translates to 47 per annum.

47 properties were sold in SAN REMO in 2016, making it the 201st most active market in VIC based on total real estate transactions.

SAN REMO, 3925 places 287th in Australia based on median property value growth during the quarter.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $575,000.

Average median unit prices in VIC have risen as a whole, pulling SAN REMO, 3925 values up and netting property investors a capital gain of 11.65% for the past year.

Investors saw the median home price rise to $575,000.

The upward trend in home prices in SAN REMO, 3925 averaged 0% per annum over a 3-year period.

SAN REMO now ranks at the 200th 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 SAN REMO are high, as opposed to average gains per annum over the past five years.

Real estate investors could earn a rental income of $380 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In SAN REMO, homes and units usually stay on listing for an average of N/A.

17 properties were sold in SAN REMO in 2016, making it the 287th most active market in VIC based on total real estate transactions.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$865,000	$575,000
Growth Report
Median Quarterly	1.76%	0.88%
Median 12 month	-0.57%	11.65%
Median 3 years	-19.53%	0%
Median 5 years	37.3%	0%
10 years average annual	8%	5.99%
Weekly media advert. rent	$600	$380
Time on Market	117.9 days	N/A
Gross Rental Yield Percent	3.61%	3.44%

Demographics (Median Values)*

Total Population 3384

Weekly Household Income 1100

Household Size 2.30

Average Age 46

Monthly Loan Repayment 1425

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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