Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb 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 $842,500.
The downward trend in home prices in INVERLOCH, 3996 averaged -5.25% per annum over a 3-year period.
Average weekly rents on listings have reached the $525 mark, reflecting a 3.24% increase in returns based on the current median price in INVERLOCH.
An average of 11.83 real estate transactions take place per month in INVERLOCH which translates to 142 per annum.
142 properties were sold in INVERLOCH in 2016, making it the 591st most active market in VIC based on total real estate transactions.
INVERLOCH, 3996 places th in Australia based on median property value growth during the quarter.
The suburb 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 $599,500.
Investors saw the median home price rise to $599,500.
The downward trend in home prices in INVERLOCH, 3996 averaged -7.38% per annum over a 3-year period.
INVERLOCH now ranks at the 74th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in INVERLOCH are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $452.5 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In INVERLOCH, homes and units usually stay on listing for an average of 146.1 days.
20 properties were sold in INVERLOCH in 2016, making it the 263rd most active market in VIC based on total real estate transactions.