Responsible lending leeway ‘put to the test’ by COVID-19
The COVID-19 crisis will bring to light the effectiveness of principles-based responsible lending guidance, according to ASIC chair James Sh...
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TOORA, 3962 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in VIC have risen as a whole, pulling TOORA, 3962 values up and netting property investors a capital gain of 19.57% for the past year.
Investors saw the median home price rise to $275,000.
Profits due to an upward trend in home prices in the suburb averaged 13.44% per annum over a 3-year period.
TOORA now ranks at the 78th place on a list of fastest growing suburbs in the territory.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In TOORA, homes and units usually stay on listing for an average of 0.0 days.
In 2016, 11 properties were sold in TOORA during the past year, making it the 678th most active market in VIC based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $275,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 5.77% | N/A |
| Median 12 month | 19.57% | N/A |
| Median 3 years | 40.31% | N/A |
| Median 5 years | N/A | N/A |
| 10 years average annual | -2.87% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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