Real estate’s most useless statistic
One of the most useless statistics in real estate for those looking to jump on the property ladder for the first time is the median house pr...
Property investors have seen a 7.89% gain in FRANKLIN based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains FRANKLIN, 2913 saw average growth in the long term.
The ACT suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $725,000
Profits averaged 3.85% per annum over a 3-year period, due to an upward trend in home prices in FRANKLIN, 2913.
This means, real estate investors could earn a rental income of $630 based on current median home prices for the suburb.
The gross rental yield in FRANKLIN, 2913 is 4.52%.
An average of 5.17 real estate transactions take place per month in FRANKLIN which translates to 62 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $725,000 | $370,000 |
| GROWTH REPORT | ||
| Median Quarterly | 7.89% | -2.63% |
| Median 12 month | 3.94% | -2.57% |
| Median 3 years | 11.54% | 4.23% |
| Median 5 years | 29% | 6.13% |
| 10 years average annual | 8.35% | 0.93% |
| Weekly media advert. rent | $630 | $440 |
| Time on Market | 64.3 days | 92.3 days |
| Gross Rental Yield Percent | 4.52% | 6.18% |
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