Investors not ‘playing’ the game could miss out big
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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 15.38% for the past year.
Investors saw the median home price rise to $225,000.
TOORA now ranks at the 150th 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 695th most active market in VIC based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $225,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 3.69% | N/A |
| Median 12 month | 15.38% | N/A |
| Median 3 years | N/A | N/A |
| Median 5 years | N/A | N/A |
| 10 years average annual | 8.62% | 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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