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1 MIN READDemand For Homes Stays High In 1 State While The Rest Fall Back
Rising interest rates have eased demand from potential buyers, which has been reflected in the slowing of home price gro...
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FranklinFranklin - SUBURB PROFILE REPORT
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Property investors have seen a 2.27% 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 $900,000
Profits averaged 10.56% 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 $710 based on current median home prices for the suburb.
The gross rental yield in FRANKLIN, 2913 is 4.1%.
An average of 5.58 real estate transactions take place per month in FRANKLIN which translates to 67 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $900,000 | $435,500 |
| GROWTH REPORT | ||
| Median Quarterly | 2.27% | 1.28% |
| Median 12 month | 9.76% | 10.25% |
| Median 3 years | 31.68% | 14.61% |
| Median 5 years | 29.5% | 22.68% |
| 10 years average annual | 5.2% | 2.18% |
| Weekly media advert. rent | $710 | $470 |
| Time on Market | 47.3 days | 37.6 days |
| Gross Rental Yield Percent | 4.1% | 5.61% |
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