‘Great buying opportunities’ for careful investors looking at new-builds
Situations like Sydney’s Opal Tower fiasco have buyers cautious of the new-build market, but there are bargains to be had for those who ar...
The suburb’s capital gain of 6.06% for the past year is higher than average compared to its 15.31% growth within a five-year period.
Also in GOWRIE, the median home price is sitting at $595,000, and the average rent at $555, this suggests property owners could potentially earn a 4.85% increase in gross rental yield.
Property investors have seen a 3.21% gain in GOWRIE 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 3.84% growth over a ten-year period. It ranks 1984th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $595,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 3.21% | N/A |
| Median 12 month | 6.06% | N/A |
| Median 3 years | 10.39% | N/A |
| Median 5 years | 15.31% | N/A |
| 10 years average annual | 3.84% | N/A |
| Weekly media advert. rent | $555 | N/A |
| Time on Market | 45.4 days | N/A |
| Gross Rental Yield Percent | 4.85% | N/A |
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