COVID-19 will have ‘dramatic effect’ on mortgage process
The rapid move to support digital mortgages amid the coronavirus pandemic “will have a dramatic effect” on how people will transact on m...
The suburb’s capital gain of -11.66% for the past year is lower than average compared to its 26.73% growth within a five-year period.
Also in RYDALMERE, the median home price is sitting at $1,064,500, and the average rent at $520, this suggests property owners could potentially earn a 2.54% increase in gross rental yield.
Property investors have seen a 5.4% gain in RYDALMERE 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 8.33% growth over a ten-year period. It ranks 152nd on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,064,500 | $650,000 |
| GROWTH REPORT | ||
| Median Quarterly | 5.4% | -5.11% |
| Median 12 month | -11.66% | -4.41% |
| Median 3 years | -2.36% | -12.16% |
| Median 5 years | 26.73% | 11.59% |
| 10 years average annual | 8.33% | 5.36% |
| Weekly media advert. rent | $520 | $480 |
| Time on Market | 80.1 days | 102.6 days |
| Gross Rental Yield Percent | 2.54% | 3.84% |
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