MOUNT ELIZA, 3930 ranks 537th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 18.95% 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 $1,130,000.
The upward trend in home prices in MOUNT ELIZA, 3930 averaged 15.47% per annum over a 3-year period.
Average weekly rents on listings have reached the $650 mark, reflecting a 2.99% increase in returns based on the current median price in MOUNT ELIZA.
An average of 23.33 real estate transactions take place per month in MOUNT ELIZA which translates to 280 per annum.
280 properties were sold in MOUNT ELIZA in 2016, making it the 334th most active market in VIC based on total real estate transactions.
MOUNT ELIZA, 3930 places 322nd in Australia based on median property value growth during the quarter.
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 $568,000.
Average median unit prices in VIC have risen as a whole, pulling MOUNT ELIZA, 3930 values up and netting property investors a capital gain of 15.33% for the past year.
Investors saw the median home price rise to $568,000.
The upward trend in home prices in MOUNT ELIZA, 3930 averaged 8.46% per annum over a 3-year period.
MOUNT ELIZA now ranks at the 329th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in MOUNT ELIZA are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $370 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In MOUNT ELIZA, homes and units usually stay on listing for an average of 36.8 days.
38 properties were sold in MOUNT ELIZA in 2016, making it the 141st most active market in VIC based on total real estate transactions.
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