MOUNT ELIZA, 3930 ranks 347th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 22.22% 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 stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,100,000.
The upward trend in home prices in MOUNT ELIZA, 3930 averaged 14.29% per annum over a 3-year period.
Average weekly rents on listings have reached the $600 mark, reflecting a 2.84% increase in returns based on the current median price in MOUNT ELIZA.
An average of 30.08 real estate transactions take place per month in MOUNT ELIZA which translates to 361 per annum.
361 properties were sold in MOUNT ELIZA in 2016, making it the 258th most active market in VIC based on total real estate transactions.
MOUNT ELIZA, 3930 places 355th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||22.22%||27.64%|
|Median 3 years||42.86%||27.64%|
|Median 5 years||57.14%||52.48%|
|10 years average annual||7.42%||7.14%|
|Weekly media advert. rent||$600||$340|
|Time on Market||38.3 days||35.8 days|
|Gross Rental Yield Percent||2.84%||3.11%|