Victorian land sales strong despite restrictions
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The suburb’s capital gain of -5.15% for the past year is lower than average compared to its 27.78% growth within a five-year period.
Also in GWANDALAN, the median home price is sitting at $460,000, and the average rent at $400, this suggests property owners could potentially earn a 4.52% increase in gross rental yield.
Property investors have seen a -0.86% drop in GWANDALAN 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 4.93% growth over a ten-year period. It ranks 1589th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $460,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -0.86% | N/A |
| Median 12 month | -5.15% | N/A |
| Median 3 years | 2.22% | N/A |
| Median 5 years | 27.78% | N/A |
| 10 years average annual | 4.93% | N/A |
| Weekly media advert. rent | $400 | N/A |
| Time on Market | 77.3 days | N/A |
| Gross Rental Yield Percent | 4.52% | N/A |
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