Spring Has Finally Sprung: New Listings Lead Supply Bounce-back
More stock is finally making its way onto the spring market, according to new data from CoreLogic. ...
The suburb’s capital gain of -1.54% for the past year is higher than average compared to its -17.02% growth within a five-year period.
Also in ULTIMO, the median home price is sitting at $1,280,000, and the average rent at $690, this suggests property owners could potentially earn a 2.8% increase in gross rental yield.
Property investors have seen a 0% gain in ULTIMO based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 11.32% growth over a ten-year period. It ranks 3588th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-1.54%||-9.7%|
|Median 3 years||N/A||-1.47%|
|Median 5 years||-17.02%||-12.99%|
|10 years average annual||11.32%||6.8%|
|Weekly media advert. rent||$690||$500|
|Time on Market||0.0 days||97.8 days|
|Gross Rental Yield Percent||2.8%||3.88%|