AREA REPORTS

Junction Village

 

 

VIC/
Junction village

Suburb Profile

Junction Village - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3977

house
unit

A 15.63% 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.

A steady increase in median property prices over a five-year period in the suburb translates to a 39.38% 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 $508,750

The augmented property values in the suburb are trailing above the territorial average of 3.57% in 2016.

Home owners selling their properties and realtors in JUNCTION VILLAGE usually have to wait an average of 40.9 days days before their assets are lifted off the market.

The VIC suburb ranks 656th on the list of best yielding suburbs for rental properties in VIC, posting a 0% return.

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

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $508,750 $277,500
GROWTH REPORT
Median Quarterly 0% -7.5%
Median 12 month 15.63% -7.5%
Median 3 years 39.38% 11%
Median 5 years 61% N/A
10 years average annual 7.34% 1.56%
Weekly media advert. rent N/A N/A
Time on Market 40.9 days 0.0 days
Gross Rental Yield Percent N/A N/A
demographics (median values)
Total Population
1004
Weekly Household Income
718
Household Size
2.30
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