A steady increase in median property prices over a five-year period in the suburb translates to a 42.34% 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 $455,500
The augmented property values in the suburb are trailing above the territorial average of 9.93% in 2016.
Home owners selling their properties and realtors in JUNCTION VILLAGE usually have to wait an average of 0.0 days days before their assets are lifted off the market.
The VIC suburb ranks 727th on the list of best yielding suburbs for rental properties in VIC, posting a 0% return.
It also places places 203rd in Australia based on median property value growth during the quarter.
Property investors enjoyed capital gains of 15.38% over the last 12 months in JUNCTION VILLAGE, translating to lower returns compared with its peers in VIC.
A survey of average capital gains or median home price increase in suburbs across the country shows that JUNCTION VILLAGE, 3977 obtained a 4.78% growth over a ten-year period. It ranks 715th on our list of suburbs that property investors should look into.
A 15.38% increase in median property prices in JUNCTION VILLAGE, 3977 has allowed this suburb to join the ranks of best performing suburbs in VIC, settling at number 99th.
JUNCTION VILLAGE, 3977 in VIC belongs to the local government area of Casey.