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AREA REPORTS

San Remo

Suburb Profile

San Remo - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3925

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SAN REMO, 3925 ranks 781st on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 7.47% for property investors.

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 $590,000.

The upward trend in home prices in SAN REMO, 3925 averaged 8.68% per annum over a 3-year period.

Average weekly rents on listings have reached the $340 mark, reflecting a 3% increase in returns based on the current median price in SAN REMO.

An average of 2.08 real estate transactions take place per month in SAN REMO which translates to 25 per annum.

25 properties were sold in SAN REMO in 2016, making it the 386th most active market in VIC based on total real estate transactions.

SAN REMO, 3925 places 50th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $590,000 N/A
GROWTH REPORT
Median Quarterly 7.47% N/A
Median 12 month 7.47% N/A
Median 3 years 26.03% N/A
Median 5 years 42.51% N/A
10 years average annual 4.81% N/A
Weekly media advert. rent $340 N/A
Time on Market 88.8 days N/A
Gross Rental Yield Percent 3% N/A
demographics (median values)
Total Population
1018
Weekly Household Income
594.1
Household Size
2.00
demographics
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