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The suburb’s capital gain of 4.08% for the past year is lower than average compared to its 70.28% 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 -0.34% 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 7.81% growth over a ten-year period. It ranks 605th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||4.08%||N/A|
|Median 3 years||18.4%||N/A|
|Median 5 years||70.28%||N/A|
|10 years average annual||7.81%||N/A|
|Weekly media advert. rent||$400||N/A|
|Time on Market||63.4 days||N/A|
|Gross Rental Yield Percent||4.08%||N/A|
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