SOUTHBANK 3006
State: VICPosiProp AI Investment Summary
SOUTHBANK (VIC 3006) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 3.9% and has experienced a 12-month capital growth of Up 32.8%, with a median house buy price of $981,000. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
$838,000
$1,250,000
–
$981,000
Suburb Market Profile
Last month Southbank had 591 properties available for rent and 383 properties for sale. Median property prices over the last year range from $981,000 for houses to $545,000 for units. If you are looking for an investment property, consider houses in Southbank rent out for $600 PW with an annual rental yield of 3.9% and units rent for $700 PW with a rental yield of 7.0%. Southbank has seen an annual compound growth rate of 32.8% for houses and -1.8% for units.
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