The suburb’s capital gain of 9.45% for the past year is lower than average compared to its 79.06% growth within a five-year period.
Also in MIDDLE COVE, the median home price is sitting at $2,090,500, and the average rent at $1045, this suggests property owners could potentially earn a 2.6% increase in gross rental yield.
Property investors have seen a -6.15% drop in MIDDLE COVE based on a decrease 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 6.83% growth over a ten-year period. It ranks 947th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||9.45%||N/A|
|Median 3 years||59.58%||N/A|
|Median 5 years||79.06%||N/A|
|10 years average annual||6.83%||N/A|
|Weekly media advert. rent||$1045||N/A|
|Time on Market||0.0 days||N/A|
|Gross Rental Yield Percent||2.6%||N/A|