Botanic Ridge

POSTAL CODE: VIC, 3977

HOUSE

A steady increase in median property prices over a five-year period in the suburb translates to a -0.27% capital gain.

It 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 $920,000

The augmented property values in the suburb are trailing behind the territorial average of 2.91% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $650.

Home owners selling their properties and realtors in BOTANIC RIDGE usually have to wait an average of 49.4 days days before their assets are lifted off the market.

The VIC suburb ranks 259th on the list of best yielding suburbs for rental properties in VIC, posting a 3.67% return.

It also places places 404th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$920,000	N/A
Growth Report
Median Quarterly	1.38%	N/A
Median 12 month	1.94%	N/A
Median 3 years	-0.27%	N/A
Median 5 years	26.81%	N/A
10 years average annual	5.16%	N/A
Weekly media advert. rent	$650	N/A
Time on Market	49.4 days	N/A
Gross Rental Yield Percent	3.67%	N/A

Demographics (Median Values)*

Total Population n.a.

Weekly Household Income n.a.

Household Size n.a.

Average Age n.a.

Monthly Loan Repayment n.a.

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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