How long do market cycles last?
While most properties will double in a decade, most of the gains will happen in two to four years with six to eight years of stagnation in b...
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The suburb’s capital gain of -2.44% for the past year is lower than average compared to its 27.66% growth within a five-year period.
Also in PAGE, the median home price is sitting at $600,000, and the average rent at $505, this suggests property owners could potentially earn a 4.38% increase in gross rental yield.
Property investors have seen a 0% gain in PAGE based on an increase 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 3.57% growth over a ten-year period. It ranks 2165th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $600,000 | $424,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0% | 4.69% |
| Median 12 month | -2.44% | 10.13% |
| Median 3 years | 15.16% | 11.58% |
| Median 5 years | 27.66% | 17.78% |
| 10 years average annual | 3.57% | 1.47% |
| Weekly media advert. rent | $505 | $450 |
| Time on Market | 51.9 days | 67.4 days |
| Gross Rental Yield Percent | 4.38% | 5.52% |
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