Bargains set to hit the market in wake of royal commission
New research has determined two-thirds of property experts believe the current banking royal commission will bring down property prices thro...
The suburb’s capital gain of -3.3% for the past year is lower than average compared to its 55.08% growth within a five-year period.
Also in SOUTH HURSTVILLE, the median home price is sitting at $1,291,000, and the average rent at $610, this suggests property owners could potentially earn a 2.46% increase in gross rental yield.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 8.36% growth over a ten-year period. It ranks 376th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,291,000 | $711,500 |
| GROWTH REPORT | ||
| Median Quarterly | N/A | -1.86% |
| Median 12 month | -3.3% | -16.29% |
| Median 3 years | 5.56% | 12.85% |
| Median 5 years | 55.08% | 22.46% |
| 10 years average annual | 8.36% | 6.88% |
| Weekly media advert. rent | $610 | $520 |
| Time on Market | 84.4 days | 82.1 days |
| Gross Rental Yield Percent | 2.46% | 3.8% |
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