Government urged to provide stimulus for building sector
As the nation recovers from the COVID-19 pandemic, property professionals urge the federal government to provide a stimulus package for the ...
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Property investors have seen a 2.03% 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 $755,000
Profits averaged 3.01% 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 $640 based on current median home prices for the suburb.
The gross rental yield in FRANKLIN, 2913 is 4.41%.
An average of 5.33 real estate transactions take place per month in FRANKLIN which translates to 64 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $755,000 | $370,000 |
| GROWTH REPORT | ||
| Median Quarterly | 2.03% | 1.93% |
| Median 12 month | 8.63% | -0.8% |
| Median 3 years | 9.03% | 4.23% |
| Median 5 years | 29.06% | 5.71% |
| 10 years average annual | 8.6% | 1.14% |
| Weekly media advert. rent | $640 | $450 |
| Time on Market | 66.0 days | 100.5 days |
| Gross Rental Yield Percent | 4.41% | 6.32% |
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