Why buying under market value is not always a good idea
Most investors believe that sourcing a bargain property is like striking gold, but one expert explains why it could signal trouble. ...
The suburb’s capital gain of 0.88% for the past year is lower than average compared to its 32.95% growth within a five-year period.
Also in GREENWICH, the median home price is sitting at $2,875,000, and the average rent at $1100, this suggests property owners could potentially earn a 1.99% increase in gross rental yield.
Property investors have seen a 2.61% gain in GREENWICH 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 5.91% growth over a ten-year period. It ranks 1027th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $2,875,000 | $798,500 |
| GROWTH REPORT | ||
| Median Quarterly | 2.61% | -3.21% |
| Median 12 month | 0.88% | 7.18% |
| Median 3 years | 12.66% | 2.37% |
| Median 5 years | 32.95% | 9.08% |
| 10 years average annual | 5.91% | 3.98% |
| Weekly media advert. rent | $1100 | $510 |
| Time on Market | 47.4 days | 45.0 days |
| Gross Rental Yield Percent | 1.99% | 3.32% |
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