REDBANK PLAINS 
1 MIN READHouse Prices Push Average Australian’s Wealth Even Higher In 2022
Despite worries of a housing downturn, Australians’ wealth actually increased 1.2 per cent on average in the first qua...
Read More
Mount ElizaMount Eliza - SUBURB PROFILE REPORT
SHARE 
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 $1,700,000.
The upward trend in home prices in MOUNT ELIZA, 3930 averaged 13.89% per annum over a 3-year period.
Average weekly rents on listings have reached the $880 mark, reflecting a 2.69% increase in returns based on the current median price in MOUNT ELIZA.
An average of 33 real estate transactions take place per month in MOUNT ELIZA which translates to 396 per annum.
396 properties were sold in MOUNT ELIZA in 2016, making it the 264th most active market in VIC based on total real estate transactions.
MOUNT ELIZA, 3930 places 573rd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,700,000 | $731,250 |
| GROWTH REPORT | ||
| Median Quarterly | 1.92% | 1.56% |
| Median 12 month | 26.39% | 12.93% |
| Median 3 years | 41.67% | 39.29% |
| Median 5 years | 75.26% | 32.35% |
| 10 years average annual | 9.22% | 6.64% |
| Weekly media advert. rent | $880 | $475 |
| Time on Market | 30.5 days | 35.6 days |
| Gross Rental Yield Percent | 2.69% | 3.38% |
Get notifications in real-time for staying up to date with content that matters to you.
Copyright © 2021 Smart Property Investment
PODCAST
