Housing Market Intervention To Wipe Out Growth By 2023
A big four bank has conceded that its earlier property growth forecasts were overly cautious, while predicting that a t...
The suburb’s capital gain of 4.76% for the past year is higher than average compared to its 8.73% growth within a five-year period.
Also in MELROSE PARK, the median home price is sitting at $1,519,000, and the average rent at $605, this suggests property owners could potentially earn a 2.07% increase in gross rental yield.
Property investors have seen a 1.88% gain in MELROSE PARK 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 9.6% growth over a ten-year period. It ranks 24th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||4.76%||-0.5%|
|Median 3 years||-7.38%||2.06%|
|Median 5 years||8.73%||N/A|
|10 years average annual||9.6%||-0.5%|
|Weekly media advert. rent||$605||$480|
|Time on Market||0.0 days||0.0 days|
|Gross Rental Yield Percent||2.07%||3.16%|