‘Zero spread’ opens up property-buying opportunities
Property investment is set to gather pace as first home buyers and investors alike are tempted into a “zero spread” environment, thanks ...
The suburb’s capital gain of -2.4% for the past year is lower than average compared to its 38.14% growth within a five-year period.
Also in EDENSOR PARK, the median home price is sitting at $815,000, and the average rent at $500, this suggests property owners could potentially earn a 3.19% increase in gross rental yield.
Property investors have seen a 0% gain in EDENSOR PARK 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 7.61% growth over a ten-year period. It ranks 419th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $815,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0% | N/A |
| Median 12 month | -2.4% | N/A |
| Median 3 years | 5.84% | N/A |
| Median 5 years | 38.14% | N/A |
| 10 years average annual | 7.61% | N/A |
| Weekly media advert. rent | $500 | N/A |
| Time on Market | 59.3 days | N/A |
| Gross Rental Yield Percent | 3.19% | N/A |
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