Property investors have seen a 1.2% gain in MILPERRA based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains MILPERRA, 2214 saw average growth in the long term.
the NSW suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $882,500
Profits averaged 11.78% per annum over a 3-year period, due to an upward trend in home prices in MILPERRA, 2214.
This means, real estate investors could earn a rental income of $550 based on current median home prices for the suburb.
The gross rental yield in MILPERRA, 2214 is 3.24%.
An average of 4.42 real estate transactions take place per month in MILPERRA which translates to 53 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||5.06%||N/A|
|Median 3 years||35.35%||N/A|
|Median 5 years||60.45%||N/A|
|10 years average annual||7.3%||N/A|
|Weekly media advert. rent||$550||N/A|
|Time on Market||34.0 days||N/A|
|Gross Rental Yield Percent||3.24%||N/A|