What does 2020 have in store for property investors
Following a year of two halves, 2020 could be a strong one for property investors if they look at the data, an industry expert has suggested...
The suburb’s capital gain of -0.58% for the past year is lower than average compared to its 29.57% growth within a five-year period.
Also in PAGE, the median home price is sitting at $602,500, and the average rent at $520, this suggests property owners could potentially earn a 4.49% increase in gross rental yield.
Property investors have seen a -3.06% drop in PAGE based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 4.65% growth over a ten-year period. It ranks 1791st on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $602,500 | $405,000 |
| GROWTH REPORT | ||
| Median Quarterly | -3.06% | 1.25% |
| Median 12 month | -0.58% | 1.25% |
| Median 3 years | 20.5% | 0.31% |
| Median 5 years | 29.57% | 8.29% |
| 10 years average annual | 4.65% | 0.85% |
| Weekly media advert. rent | $520 | $440 |
| Time on Market | 50.7 days | 0.0 days |
| Gross Rental Yield Percent | 4.49% | 5.65% |
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