Falling loan deferrals prove market recovery: REIA
The reduction in loan deferral defies doom and gloom forecasts in the property market, the Real Estate Industry of Australia has said. ...
The suburb’s capital gain of 0.53% for the past year is lower than average compared to its 18.27% growth within a five-year period.
Also in WATANOBBI, the median home price is sitting at $477,500, and the average rent at $382.5, this suggests property owners could potentially earn a 4.17% increase in gross rental yield.
Property investors have seen a 0.79% gain in WATANOBBI 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 6.28% growth over a ten-year period. It ranks 834th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $477,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0.79% | N/A |
| Median 12 month | 0.53% | N/A |
| Median 3 years | -0.85% | N/A |
| Median 5 years | 18.27% | N/A |
| 10 years average annual | 6.28% | N/A |
| Weekly media advert. rent | $382.5 | N/A |
| Time on Market | 68.5 days | N/A |
| Gross Rental Yield Percent | 4.17% | N/A |
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