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 -0.63% for the past year is lower than average compared to its 14.66% growth within a five-year period.
Also in GOWRIE, the median home price is sitting at $596,250, and the average rent at $550, this suggests property owners could potentially earn a 4.8% increase in gross rental yield.
Property investors have seen a -4.29% drop in GOWRIE 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 3.03% growth over a ten-year period. It ranks 2448th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $596,250 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -4.29% | N/A |
| Median 12 month | -0.63% | N/A |
| Median 3 years | 12.5% | N/A |
| Median 5 years | 14.66% | N/A |
| 10 years average annual | 3.03% | N/A |
| Weekly media advert. rent | $550 | N/A |
| Time on Market | 54.6 days | N/A |
| Gross Rental Yield Percent | 4.8% | N/A |
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