Investors not ‘playing’ the game could miss out big
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The suburb’s capital gain of 8.05% for the past year is lower than average compared to its 82.14% growth within a five-year period.
Also in WATANOBBI, the median home price is sitting at $510,000, and the average rent at $400, this suggests property owners could potentially earn a 4.08% increase in gross rental yield.
Property investors have seen a 2% 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 6.88% growth over a ten-year period. It ranks 1016th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $510,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2% | N/A |
| Median 12 month | 8.05% | N/A |
| Median 3 years | 27.5% | N/A |
| Median 5 years | 82.14% | N/A |
| 10 years average annual | 6.88% | N/A |
| Weekly media advert. rent | $400 | N/A |
| Time on Market | 53.8 days | N/A |
| Gross Rental Yield Percent | 4.08% | N/A |
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