Why buying under market value is not always a good idea
Most investors believe that sourcing a bargain property is like striking gold, but one expert explains why it could signal trouble. ...
The suburb’s capital gain of 8.33% for the past year is higher than average compared to its 32.65% growth within a five-year period.
Also in PAGE, the median home price is sitting at $650,000, and the average rent at $490, this suggests property owners could potentially earn a 3.92% increase in gross rental yield.
Property investors have seen a 4.33% 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 3.65% growth over a ten-year period. It ranks 2166th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $650,000 | $430,000 |
| GROWTH REPORT | ||
| Median Quarterly | 4.33% | 0.35% |
| Median 12 month | 8.33% | 9.55% |
| Median 3 years | 9.24% | 1.18% |
| Median 5 years | 32.65% | 8.18% |
| 10 years average annual | 3.65% | 1.03% |
| Weekly media advert. rent | $490 | $450 |
| Time on Market | 64.1 days | 145.1 days |
| Gross Rental Yield Percent | 3.92% | 5.44% |
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