Falling loan deferrals prove market recovery: REIA
The reduction in loan deferral defies doom and gloom forecasts in the property market, the Real Estate Industry of Australia has said. ...
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 $631,250.
The upward trend in home prices in INVERLOCH, 3996 averaged 10.5% per annum over a 3-year period.
Average weekly rents on listings have reached the $380 mark, reflecting a 3.13% increase in returns based on the current median price in INVERLOCH.
An average of 13.58 real estate transactions take place per month in INVERLOCH which translates to 163 per annum.
163 properties were sold in INVERLOCH in 2016, making it the 551st most active market in VIC based on total real estate transactions.
INVERLOCH, 3996 places 238th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $631,250 | $450,000 |
| GROWTH REPORT | ||
| Median Quarterly | 2.23% | -2.17% |
| Median 12 month | 5.56% | 9.76% |
| Median 3 years | 31.51% | 20.4% |
| Median 5 years | 52.11% | 55.17% |
| 10 years average annual | 4.93% | 3.37% |
| Weekly media advert. rent | $380 | $315 |
| Time on Market | 92.6 days | 90.7 days |
| Gross Rental Yield Percent | 3.13% | 3.64% |
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