The suburb’s capital gain of 7.13% for the past year is lower than average compared to its 90.38% growth within a five-year period.
Also in AUBURN, the median home price is sitting at $950,000, and the average rent at $500, this suggests property owners could potentially earn a 2.74% increase in gross rental yield.
Property investors have seen a 5.5% gain in AUBURN 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 9.46% growth over a ten-year period. It ranks 127th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||7.13%||5.66%|
|Median 3 years||37.68%||35.92%|
|Median 5 years||90.38%||72.31%|
|10 years average annual||9.46%||8.04%|
|Weekly media advert. rent||$500||$450|
|Time on Market||103.3 days||83.3 days|
|Gross Rental Yield Percent||2.74%||4.18%|