Falling loan deferrals prove market recovery: REIA
The reduction in loan deferral defies doom and gloom forecasts in the property market, the Real Estate Industry of Australia has said. ...
Property investors have seen a 0.32% 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 $777,500
Profits averaged 4.09% 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 $612.5 based on current median home prices for the suburb.
The gross rental yield in FRANKLIN, 2913 is 4.1%.
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 | $777,500 | $379,500 |
| GROWTH REPORT | ||
| Median Quarterly | 0.32% | 0.82% |
| Median 12 month | 6.73% | 2.57% |
| Median 3 years | 12.27% | 3.97% |
| Median 5 years | 27.46% | 3.97% |
| 10 years average annual | 5.58% | 1.63% |
| Weekly media advert. rent | $612.5 | $450 |
| Time on Market | 57.5 days | 92.5 days |
| Gross Rental Yield Percent | 4.1% | 6.17% |
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