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Chatter about the possible introduction of macro prudential controls to slow house price growth is increasing, while rep...
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 $1,280,000.
The upward trend in home prices in MOUNT ELIZA, 3930 averaged 4.59% per annum over a 3-year period.
Average weekly rents on listings have reached the $750 mark, reflecting a 3.05% increase in returns based on the current median price in MOUNT ELIZA.
An average of 22.25 real estate transactions take place per month in MOUNT ELIZA which translates to 267 per annum.
267 properties were sold in MOUNT ELIZA in 2016, making it the 393rd most active market in VIC based on total real estate transactions.
MOUNT ELIZA, 3930 places 134th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||10.82%||4.1%|
|Median 3 years||13.78%||7.63%|
|Median 5 years||53.48%||33.68%|
|10 years average annual||6.18%||4.05%|
|Weekly media advert. rent||$750||$405|
|Time on Market||66.3 days||44.1 days|
|Gross Rental Yield Percent||3.05%||3.32%|