Property to regain momentum following health crisis
Strong property price growth before the outbreak of COVID-19 gives investors a snapshot of what market conditions will be like once the pand...
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The suburb’s capital gain of -5.26% for the past year is lower than average compared to its 22.45% growth within a five-year period.
Also in HEATHCOTE, the median home price is sitting at $900,000, and the average rent at $620, this suggests property owners could potentially earn a 3.58% increase in gross rental yield.
Property investors have seen a 5.88% gain in HEATHCOTE 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 5.73% growth over a ten-year period. It ranks 1333rd on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $900,000 | $710,000 |
| GROWTH REPORT | ||
| Median Quarterly | 5.88% | 4.8% |
| Median 12 month | -5.26% | -1.39% |
| Median 3 years | 1.12% | 10.94% |
| Median 5 years | 22.45% | 29.09% |
| 10 years average annual | 5.73% | 5.32% |
| Weekly media advert. rent | $620 | $530 |
| Time on Market | 49.2 days | 60.5 days |
| Gross Rental Yield Percent | 3.58% | 3.88% |
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