San Remo

POSTAL CODE: VIC, 3925

HOUSE

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 $802,500.

The downward trend in home prices in SAN REMO, 3925 averaged -9.02% per annum over a 3-year period.

Average weekly rents on listings have reached the $590 mark, reflecting a 3.82% increase in returns based on the current median price in SAN REMO.

An average of 3.5 real estate transactions take place per month in SAN REMO which translates to 42 per annum.

42 properties were sold in SAN REMO in 2016, making it the 233rd most active market in VIC based on total real estate transactions.

SAN REMO, 3925 places 605th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$802,500	N/A
Growth Report
Median Quarterly	-3.89%	N/A
Median 12 month	-6.69%	N/A
Median 3 years	-27.05%	N/A
Median 5 years	4.7%	N/A
10 years average annual	6.69%	N/A
Weekly media advert. rent	$590	N/A
Time on Market	117 days	N/A
Gross Rental Yield Percent	3.82%	N/A

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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