AREA REPORTS

Skye

Suburb Profile

Skye - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3977

house
unit

Property investments in SKYE fare well against the rest of the country last year, registering a median home price increase of 13.04%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains SKYE, 3977 saw average growth in the long term.

Real estate investors could earn a rental income of $410 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 29.7 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $607,000.

SKYE ranks 236th on the list of best yielding suburbs for rental properties in VIC, posting a 3.51% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $607,000 $450,000
GROWTH REPORT
Median Quarterly 0.25% 2.27%
Median 12 month 13.04% 16.88%
Median 3 years 44.52% 48.77%
Median 5 years 57.9% 67.6%
10 years average annual 6.8% 7.82%
Weekly media advert. rent $410 $350
Time on Market 29.7 days 23.3 days
Gross Rental Yield Percent 3.51% 4.04%
demographics (median values)
Total Population
6898
Weekly Household Income
1284
Household Size
3.10
demographics
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