Competition from FHBs not expected until late 2019
First-home buyers are expected to return to the market by the end of 2019, meaning property investors could have less-than-expected competit...
The suburb’s capital gain of -4.82% for the past year is lower than average compared to its 61.38% growth within a five-year period.
Also in BASS HILL, the median home price is sitting at $840,000, and the average rent at $570, this suggests property owners could potentially earn a 3.53% increase in gross rental yield.
Property investors have seen a -2.67% drop in BASS HILL 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 8.61% growth over a ten-year period. It ranks 268th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $840,000 | $700,000 |
| GROWTH REPORT | ||
| Median Quarterly | -2.67% | N/A |
| Median 12 month | -4.82% | -2.78% |
| Median 3 years | 13.88% | 23.89% |
| Median 5 years | 61.38% | 63.55% |
| 10 years average annual | 8.61% | 8.11% |
| Weekly media advert. rent | $570 | $480 |
| Time on Market | 66.2 days | 41.0 days |
| Gross Rental Yield Percent | 3.53% | 3.57% |
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