Metro Melbourne Surpasses $1m Mark For The First Time
While it has lagged behind other capital cities in post-pandemic recovery, Melbourne has now cemented its resilience, re...
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 $425,000.
The upward trend in home prices in HALLS HEAD, 6210 averaged 0% per annum over a 3-year period.
Average weekly rents on listings have reached the $380 mark, reflecting a 4.65% increase in returns based on the current median price in HALLS HEAD.
An average of 26.17 real estate transactions take place per month in HALLS HEAD which translates to 314 per annum.
314 properties were sold in HALLS HEAD in 2016, making it the 215th most active market in WA based on total real estate transactions.
HALLS HEAD, 6210 places 236th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||7.59%||6.16%|
|Median 3 years||0%||-36.71%|
|Median 5 years||-5.56%||-20.63%|
|10 years average annual||-0.13%||-3.48%|
|Weekly media advert. rent||$380||$320|
|Time on Market||68.9 days||81.0 days|
|Gross Rental Yield Percent||4.65%||6.66%|