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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...
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FosterFoster - SUBURB PROFILE REPORT
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FOSTER, 3960 ranks 938th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 31.41% 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 weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $512,500.
The upward trend in home prices in FOSTER, 3960 averaged 14.72% per annum over a 3-year period.
Average weekly rents on listings have reached the $380 mark, reflecting a 3.86% increase in returns based on the current median price in FOSTER.
An average of 2.33 real estate transactions take place per month in FOSTER which translates to 28 per annum.
28 properties were sold in FOSTER in 2016, making it the 383rd most active market in VIC based on total real estate transactions.
FOSTER, 3960 places 73rd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $512,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 9.39% | N/A |
| Median 12 month | 31.41% | N/A |
| Median 3 years | 44.16% | N/A |
| Median 5 years | 62.7% | N/A |
| 10 years average annual | 6.52% | N/A |
| Weekly media advert. rent | $380 | N/A |
| Time on Market | 60.0 days | N/A |
| Gross Rental Yield Percent | 3.86% | N/A |
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