Demand 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...
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 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%|