Average price trends
485,000
Feb
590,000
Mar
515,000
Apr
What are the property taxes in Greater Shepparton and are there any other ongoing costs I should consider?
In Greater Shepparton, property taxes are based on your property's valuation with rates varying. An average can be approximately $ 1,800 AUD yearly. Other costs might include water service charges, usually about $ 890 AUD per year, and waste service charges, typically around $ 334 AUD annually. These can fluctuate depending on specific services and consumption. Check greatershepparton.com.au for more detailed information.
What types of upfront costs and fees will I have to pay when purchasing a property in Greater Shepparton?
When purchasing a property in Greater Shepparton, upfront costs include stamp duty, conveyancing/legal fees (around $1,800-$ 3,000 AUD), building and pest inspection fees (approximately $ 500 AUD), loan application fees (varies), and bank valuation fees (if applicable). Additionally, you might have to pay a deposit, usually 10-20% of the property's purchase price.
How does the Greater Shepparton property market compare to ther regions in the Australia?
The median house price in Greater Shepparton stands at approximately $ 360,000 AUD, significantly lower than Sydney's $1.3 million AUD and Melbourne's $ 950,000 AUD. This affordability positions Shepparton - Mooroopna as a more accessible market for buyers and investors, compared to the higher-priced, competitive markets of Australia's capital cities.
How competitive is the Greater Shepparton property market?
The property market in Greater Shepparton, Australia, is known for its competitiveness, driven by affordability and lifestyle appeal. For example, as of April 2023, median house prices in Shepparton - Mooroopna are approximately $ 355,000 AUD, offering attractive investment opportunities compared to metropolitan areas. This induces robust demand among buyers and investors looking for value beyond city centers. Meanwhile, rental yields remain strong, suggesting a vibrant and healthy market environment.
