VIC/
Botanic ridge

Suburb Profile

Botanic Ridge - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3977

house

A steady increase in median property prices over a five-year period in the suburb translates to a 30.67% capital gain.

It 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 $686,000

The augmented property values in the suburb are trailing behind the territorial average of 11.1% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $480.

Home owners selling their properties and realtors in BOTANIC RIDGE usually have to wait an average of 40.3 days days before their assets are lifted off the market.

The VIC suburb ranks 236th on the list of best yielding suburbs for rental properties in VIC, posting a 3.64% return.

It also places places 463rd in Australia based on median property value growth during the quarter.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $686,000 N/A
GROWTH REPORT
Median Quarterly 0.73% N/A
Median 12 month 10.2% N/A
Median 3 years 30.67% N/A
Median 5 years 40% N/A
10 years average annual 10.38% N/A
Weekly media advert. rent $480 N/A
Time on Market 40.3 days N/A
Gross Rental Yield Percent 3.64% N/A
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Botanic Ridge, VIC
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