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Junction Village
AREA REPORTS

Junction Village

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

house
unit

A steady increase in median property prices over a five-year period in the suburb translates to a 22% 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 $610,000

The augmented property values in the suburb are trailing above the territorial average of 18.09% in 2016.

Home owners selling their properties and realtors in JUNCTION VILLAGE usually have to wait an average of 14.0 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 216th in Australia based on median property value growth during the quarter.

Data report can be found below

Junction Village
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $610,000 $291,000
GROWTH REPORT
Median Quarterly 5.83% 9.81%
Median 12 month 18.45% 9.81%
Median 3 years 22% 3.93%
Median 5 years 56.81% 11.92%
10 years average annual 8.01% 3.46%
Weekly media advert. rent N/A N/A
Time on Market 14.0 days 0.0 days
Gross Rental Yield Percent N/A N/A
demographics (median values)*
Total Population
93326
Weekly Household Income
1560
Household Size
3.00
Age
32
Monthly Loan Repayment
1768
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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