New bank hits the market, set to offer home loans
One lender has been granted a full banking licence in Australia, and is eyeing the home loan market. ...
The suburb’s capital gain of -4% for the past year is lower than average compared to its 47.16% growth within a five-year period.
Also in HINCHINBROOK, the median home price is sitting at $720,000, and the average rent at $500, this suggests property owners could potentially earn a 3.61% increase in gross rental yield.
Property investors have seen a -2.37% drop in HINCHINBROOK based on a decrease 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 7.36% growth over a ten-year period. It ranks 854th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $720,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -2.37% | N/A |
| Median 12 month | -4% | N/A |
| Median 3 years | 10.77% | N/A |
| Median 5 years | 47.16% | N/A |
| 10 years average annual | 7.36% | N/A |
| Weekly media advert. rent | $500 | N/A |
| Time on Market | 81.0 days | N/A |
| Gross Rental Yield Percent | 3.61% | N/A |
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