The suburb’s capital gain of 4.2% for the past year is lower than average compared to its 60.34% growth within a five-year period.
Also in WATANOBBI, the median home price is sitting at $465,000, and the average rent at $400, this suggests property owners could potentially earn a 4.47% increase in gross rental yield.
Property investors have seen a 1.2% 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 6.02% growth over a ten-year period. It ranks 1198th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||4.2%||N/A|
|Median 3 years||43.08%||N/A|
|Median 5 years||60.34%||N/A|
|10 years average annual||6.02%||N/A|
|Weekly media advert. rent||$400||N/A|
|Time on Market||34.7 days||N/A|
|Gross Rental Yield Percent||4.47%||N/A|