Regions Continue To Outpace Cities, But Which Areas Are Topping The Profit Ladder
Regional markets have continued their winning streak, with property values growing at twice the pace seen across the cap...
The suburb’s capital gain of 10% for the past year is higher than average compared to its 15.79% growth within a five-year period.
Also in SMITHFIELD, the median home price is sitting at $770,000, and the average rent at $435, this suggests property owners could potentially earn a 2.94% increase in gross rental yield.
Property investors have seen a 1.32% gain in SMITHFIELD 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 7.9% growth over a ten-year period. It ranks 172nd on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||10%||N/A|
|Median 3 years||-0.77%||N/A|
|Median 5 years||15.79%||N/A|
|10 years average annual||7.9%||N/A|
|Weekly media advert. rent||$435||N/A|
|Time on Market||73.9 days||N/A|
|Gross Rental Yield Percent||2.94%||N/A|