AREA REPORTS

San Remo

VIC/
San remo

Suburb Profile

San Remo - FREE SUBURB PROFILE REPORT
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 $506,001.

The upward trend in home prices in SAN REMO, 3925 averaged 9.58% per annum over a 3-year period.

Average weekly rents on listings have reached the $350 mark, reflecting a 3.6% increase in returns based on the current median price in SAN REMO.

An average of 3.17 real estate transactions take place per month in SAN REMO which translates to 38 per annum.

38 properties were sold in SAN REMO in 2016, making it the 256th most active market in VIC based on total real estate transactions.

SAN REMO, 3925 places 344th 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 $506,001 $362,500
GROWTH REPORT
Median Quarterly 1% -10.49%
Median 12 month 2.02% 5.07%
Median 3 years 28.75% -9.94%
Median 5 years 23.41% N/A
10 years average annual 3.35% 4.78%
Weekly media advert. rent $350 N/A
Time on Market 85.7 days 0.0 days
Gross Rental Yield Percent 3.6% N/A
demographics (median values)
Total Population
1018
Weekly Household Income
594.1
Household Size
2.00
demographics
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