Office investment in Melbourne is boosting resi investment
Melbourne has been listed as an international investment hotspot and its increase in office investment is helping push up residential invest...
It 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 $560,500
The augmented property values in the suburb are trailing above the territorial average of -1.79% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $400.
Home owners selling their properties and realtors in CANNING VALE usually have to wait an average of 83.0 days days before their assets are lifted off the market.
The WA suburb ranks 278th on the list of best yielding suburbs for rental properties in WA, posting a 3.71% return.
It also places places 158th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $560,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0.09% | N/A |
| Median 12 month | 0.09% | N/A |
| Median 3 years | -9.01% | N/A |
| Median 5 years | -1.67% | N/A |
| 10 years average annual | 1.77% | N/A |
| Weekly media advert. rent | $400 | N/A |
| Time on Market | 83.0 days | N/A |
| Gross Rental Yield Percent | 3.71% | N/A |
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