Property Market Update: Melbourne, September 2021
Melbourne’s property market kept the ball rolling in September as the city’s dwelling values rose once more during t...
Property investors enjoyed capital gains of 15.65% over the last 12 months in DURAL, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 8.97% growth over a ten-year period. It ranks 3471st on our list of suburbs that property investors should look into.
DURAL, 2158 has a capital gain of 15.65% for the past year, which is higher than average compared to its 33.17% growth within a five-year period.
With the median home price in DURAL sitting at $1,851,000, and the average rent at $700, property owners could potentially earn a 1.97% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in DURAL are high, as opposed to average gains per annum over the past five years.
DURAL, 2158 in NSW belongs to the local government area of Hornsby (A).
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||15.65%||-1.89%|
|Median 3 years||20.78%||1.96%|
|Median 5 years||33.17%||-1.7%|
|10 years average annual||8.97%||6.22%|
|Weekly media advert. rent||$700||$555|
|Time on Market||58.3 days||102.2 days|
|Gross Rental Yield Percent||1.97%||3.7%|