Property market update: Melbourne, April 2020
Several weeks after lockdown measures have been passed due to the ongoing COVD-19 pandemic, how is the Melbourne property market faring in t...
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MOUNT HELENA, 6082 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 $470,000.
Profits due to an downward trend in home prices in the suburb averaged -0.07% per annum over a 3-year period.
MOUNT HELENA now ranks at the 312th 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 MOUNT HELENA are high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $422.5 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 MOUNT HELENA, homes and units usually stay on listing for an average of 96.6 days.
In 2016, 46 properties were sold in MOUNT HELENA during the past year, making it the 156th most active market in WA based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $470,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -3.09% | N/A |
| Median 12 month | -12.15% | N/A |
| Median 3 years | -0.21% | N/A |
| Median 5 years | -19.66% | N/A |
| 10 years average annual | 0.06% | N/A |
| Weekly media advert. rent | $422.5 | N/A |
| Time on Market | 96.6 days | N/A |
| Gross Rental Yield Percent | 4.67% | N/A |
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