Property to regain momentum following health crisis
Strong property price growth before the outbreak of COVID-19 gives investors a snapshot of what market conditions will be like once the pand...
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The suburb’s capital gain of -8.43% for the past year is lower than average compared to its 22.75% growth within a five-year period.
Also in EDMONDSON PARK, the median home price is sitting at $790,000, and the average rent at $580, this suggests property owners could potentially earn a 3.82% increase in gross rental yield.
Property investors have seen a -6.51% drop in EDMONDSON PARK 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 6.08% growth over a ten-year period. It ranks 1163rd on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $790,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -6.51% | N/A |
| Median 12 month | -8.43% | N/A |
| Median 3 years | 1.33% | N/A |
| Median 5 years | 22.75% | N/A |
| 10 years average annual | 6.08% | N/A |
| Weekly media advert. rent | $580 | N/A |
| Time on Market | 77.3 days | N/A |
| Gross Rental Yield Percent | 3.82% | N/A |
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