SOUTH DUDLEY, 3995 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in VIC have risen as a whole, pulling SOUTH DUDLEY, 3995 values up and netting property investors a capital gain of 14.16% for the past year.
Investors saw the median home price rise to $262,000.
Profits due to an upward trend in home prices in the suburb averaged 15.19% per annum over a 3-year period.
SOUTH DUDLEY now ranks at the 16th place on a list of fastest growing suburbs in the territory.
Because of this real estate investors could earn a rental income of $265 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In SOUTH DUDLEY, homes and units usually stay on listing for an average of 101.4 days.
In 2016, 15 properties were sold in SOUTH DUDLEY during the past year, making it the 559th most active market in VIC based on total real estate transactions.
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