South Morang House: Median price $433,000, Annual capital growth 3.31%, Number of sales 361, Weekly median advertised rent $360.
VIC has seen average median house prices change by 6.56% which means that South Morang, 3752 has done well for property investors by showing a capital gain of 3.10% over the last year.
South Morang,3752 has offered an average of 3.10% return per annum in house price rises to property investors over the last three years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.90% offered to property buyers. Sellers in South Morang itself are offering an average vendor discount of -3.51% to real estate investors.
Residents and property investors in South Morang have been waiting around 61.72 days to sell a property.
Renters in Suburb are facing rents around $4320 per annum or $360 every week.
| Variable | House | Unit |
|---|---|---|
| Median Price | $433,000 | $341,000 |
| Quarterly Growth | 1.88% | 1.79% |
| 12-Monthly Growth | 3.10% | 4.60% |
| Average Annual Growth | 3.31% | 2.60% |
| Weekly Median Advertised Rent | $360 | $320 |
| Number of Sales | 361 | 45 |
| Gross Rental Yield | 4.32% | 4.88% |
| Days on market | 61.72 | 88.68 |
Source: Property Value by CoreLogic.
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