Government urged to provide stimulus for building sector
As the nation recovers from the COVID-19 pandemic, property professionals urge the federal government to provide a stimulus package for the ...
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The suburb’s capital gain of 9.77% for the past year is lower than average compared to its 52.76% growth within a five-year period.
Also in AVALON BEACH, the median home price is sitting at $1,921,000, and the average rent at $850, this suggests property owners could potentially earn a 2.3% increase in gross rental yield.
Property investors have seen a 6.72% gain in AVALON BEACH 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 7.28% growth over a ten-year period. It ranks 454th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,921,000 | $810,000 |
| GROWTH REPORT | ||
| Median Quarterly | 6.72% | 0% |
| Median 12 month | 9.77% | -0.61% |
| Median 3 years | 23.54% | 14.57% |
| Median 5 years | 52.76% | 42.29% |
| 10 years average annual | 7.28% | 6% |
| Weekly media advert. rent | $850 | $575 |
| Time on Market | 73.3 days | 112.4 days |
| Gross Rental Yield Percent | 2.3% | 3.69% |
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