‘Zero spread’ opens up property-buying opportunities
Property investment is set to gather pace as first home buyers and investors alike are tempted into a “zero spread” environment, thanks ...
The suburb’s capital gain of -25.96% for the past year is lower than average compared to its 29.77% growth within a five-year period.
Also in MIDDLE COVE, the median home price is sitting at $1,700,000, and the average rent at $1215, this suggests property owners could potentially earn a 3.72% increase in gross rental yield.
Property investors have seen a -7.51% 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 4.05% growth over a ten-year period. It ranks 2019th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,700,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -7.51% | N/A |
| Median 12 month | -25.96% | N/A |
| Median 3 years | -10.53% | N/A |
| Median 5 years | 29.77% | N/A |
| 10 years average annual | 4.05% | N/A |
| Weekly media advert. rent | $1215 | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | 3.72% | N/A |
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