The suburb’s capital gain of 7.14% for the past year is lower than average compared to its 57.38% growth within a five-year period.
Also in CONNELLS POINT, the median home price is sitting at $1,800,000, and the average rent at $750, this suggests property owners could potentially earn a 2.17% increase in gross rental yield.
Property investors have seen a 0.56% gain in CONNELLS POINT 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 8.21% growth over a ten-year period. It ranks 509th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||7.14%||12.36%|
|Median 3 years||28.48%||N/A|
|Median 5 years||57.38%||66.67%|
|10 years average annual||8.21%||7.98%|
|Weekly media advert. rent||$750||$635|
|Time on Market||92.6 days||0.0 days|
|Gross Rental Yield Percent||2.17%||3.3%|