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Property investors have seen a -5.08% drop in LATHAM based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains LATHAM, 2615 saw average growth in the long term.
The ACT suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $579,000
Profits averaged 3.78% per annum over a 3-year period, due to an upward trend in home prices in LATHAM, 2615.
This means, real estate investors could earn a rental income of $512.5 based on current median home prices for the suburb.
The gross rental yield in LATHAM, 2615 is 4.6%.
An average of 3.67 real estate transactions take place per month in LATHAM which translates to 44 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $579,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -5.08% | N/A |
| Median 12 month | -2.28% | N/A |
| Median 3 years | 11.35% | N/A |
| Median 5 years | 23.85% | N/A |
| 10 years average annual | 3.17% | N/A |
| Weekly media advert. rent | $512.5 | N/A |
| Time on Market | 39.7 days | N/A |
| Gross Rental Yield Percent | 4.6% | N/A |
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