‘Zero spread’ opens up property-buying opportunities
Property investment is set to gather pace as first home buyers and investors alike are tempted into a “zero spread” environment, thanks ...
The suburb’s capital gain of -8.42% for the past year is lower than average compared to its 43.71% growth within a five-year period.
Also in WATANOBBI, the median home price is sitting at $467,056, and the average rent at $410, this suggests property owners could potentially earn a 4.56% increase in gross rental yield.
Property investors have seen a -3.9% drop in WATANOBBI 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 6.31% growth over a ten-year period. It ranks 1160th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $467,056 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -3.9% | N/A |
| Median 12 month | -8.42% | N/A |
| Median 3 years | 7.68% | N/A |
| Median 5 years | 43.71% | N/A |
| 10 years average annual | 6.31% | N/A |
| Weekly media advert. rent | $410 | N/A |
| Time on Market | 67.8 days | N/A |
| Gross Rental Yield Percent | 4.56% | N/A |
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