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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 $773,000.
The upward trend in home prices in ST ANDREWS BEACH, 3941 averaged 13.94% per annum over a 3-year period.
Average weekly rents on listings have reached the $435 mark, reflecting a 2.93% increase in returns based on the current median price in ST ANDREWS BEACH.
An average of 1.92 real estate transactions take place per month in ST ANDREWS BEACH which translates to 23 per annum.
23 properties were sold in ST ANDREWS BEACH in 2016, making it the 414th most active market in VIC based on total real estate transactions.
ST ANDREWS BEACH, 3941 places 482nd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $773,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -0.9% | N/A |
| Median 12 month | -5.15% | N/A |
| Median 3 years | 41.83% | N/A |
| Median 5 years | 36.81% | N/A |
| 10 years average annual | 7.61% | N/A |
| Weekly media advert. rent | $435 | N/A |
| Time on Market | 84.6 days | N/A |
| Gross Rental Yield Percent | 2.93% | N/A |
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