Property Market Update: Melbourne, December 2021
Melbourne capped off a bumpy 2021 with double-digit annual growth, triumphing over gloomy start-of-the-year forecasts. H...
Property investors enjoyed capital gains of 10.13% over the last 12 months in CANLEY HEIGHTS, 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 7.74% growth over a ten-year period. It ranks 854th on our list of suburbs that property investors should look into.
CANLEY HEIGHTS, 2166 has a capital gain of 10.13% for the past year, which is higher than average compared to its 14.47% growth within a five-year period.
With the median home price in CANLEY HEIGHTS sitting at $870,000, and the average rent at $480, property owners could potentially earn a 2.87% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in CANLEY HEIGHTS are low, as opposed to average gains per annum over the past five years.
CANLEY HEIGHTS, 2166 in NSW belongs to the local government area of Fairfield (C).
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||10.13%||N/A|
|Median 3 years||7.41%||N/A|
|Median 5 years||14.47%||N/A|
|10 years average annual||7.74%||N/A|
|Weekly media advert. rent||$480||N/A|
|Time on Market||54.0 days||N/A|
|Gross Rental Yield Percent||2.87%||N/A|