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Investment Property Lower Plenty, VIC, 3093

Suburb Snapshot

Lower Plenty is a suburb in the Banyule Region of Victoria. Lower Plenty has a population of 3,894 people and 15.26% of its occupants live in rental accommodation. The median listing price for houses is $1,600,000 and this has changed 12.28% over the past year and changed 1.58% over 2 years.

The median rent in Lower Plenty for houses is $600 per week and the median rental yield is 1.95%. Stock on the market for houses/townhouses has changed -9.52% compared to last year and the average time to sell a house/townhouse is 85 days.The median listing price for units is $565,000 and this has changed 8.65% over the past year. The average unit takes 53 days to sell and the median rent for a unit in Lower Plenty is $465 per week, producing a rental yield of 4.27%.

Supply & Demand in Lower Plenty, Banyule

0.36%

Current vacancy rate


6

Rental stock available


3,894

Population


15.26%

Rental population


0.82%

Current vacancy rate


465

Rental stock available


121,863

Population


22.40%

Rental population


0.93%

Current vacancy rate


28,886

Rental stock available


5,926,624

Population


24.77%

Rental population


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Statistical data for Lower Plenty, Banyule

  House Townhouses Units
Median listing price $1,600,000 NA $565,000
Median price change - last quarter 1.91% NA 3.63%
Median price change - 1 year 12.28% NA 8.65%
Median price change - 2 years 1.58% NA 2.72%
  House Townhouses Units
Median weekly rent $600 NA $465
Median yield % 1.95% NA 4.27%
Median rent change - 1 year 12.14% NA 10.71%
  House Units
Previous month sales 2 2
Stock on market previous month 19 7
Stock variance vs. last year -9.52% -12.50%
Average days on market 85 53

Lower Plenty investment property listings

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