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Property investors have seen a 1.14% 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 $845,000
Profits averaged 1.88% 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 $450 based on current median home prices for the suburb.
The gross rental yield in PROSPECT, 2148 is 2.77%.
An average of 5.25 real estate transactions take place per month in PROSPECT which translates to 63 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||6.29%||-6.93%|
|Median 3 years||5.63%||3.66%|
|Median 5 years||19.43%||2.65%|
|10 years average annual||7.06%||6.78%|
|Weekly media advert. rent||$450||$415|
|Time on Market||18.4 days||0.0 days|
|Gross Rental Yield Percent||2.77%||4.12%|