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Property investors have seen a 4.17% gain in PROSPECT based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains PROSPECT, 2148 saw average growth in the long term.
The NSW suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $812,500
Profits averaged 0.52% per annum over a 3-year period, due to an upward trend in home prices in PROSPECT, 2148.
This means, real estate investors could earn a rental income of $430 based on current median home prices for the suburb.
The gross rental yield in PROSPECT, 2148 is 2.75%.
An average of 4.83 real estate transactions take place per month in PROSPECT which translates to 58 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||4.17%||N/A|
|Median 3 years||1.56%||N/A|
|Median 5 years||17.24%||N/A|
|10 years average annual||6.43%||N/A|
|Weekly media advert. rent||$430||N/A|
|Time on Market||29.1 days||N/A|
|Gross Rental Yield Percent||2.75%||N/A|