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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Figures from the previous quarter show that capital gains for real estate buyers in BYFORD are high, as opposed to average gains per annum over the past five years.
This number can mean, real estate investors could earn a rental income of $360 based on current median home prices for the suburb.
On average, rents on listings have reached the $360 mark, reflecting a 5.06% increase in returns based on the current median price in BYFORD.
BYFORD, 6122 ranks 221st in WA in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 137th on the list of best yielding suburbs for rental properties in WA, posting a 5.06% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $370,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -1.33% | N/A |
| Median 12 month | -2.63% | N/A |
| Median 3 years | -10.84% | N/A |
| Median 5 years | -17.78% | N/A |
| 10 years average annual | 1.04% | N/A |
| Weekly media advert. rent | $360 | N/A |
| Time on Market | 100.4 days | N/A |
| Gross Rental Yield Percent | 5.06% | N/A |
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