Auction ban drives up withdrawal rates
The number of owners withdrawing their property from auction soared to 40 per cent last week, following the introduction of a ban on auction...
The suburb’s capital gain of -7.95% for the past year is lower than average compared to its 45.21% growth within a five-year period.
Also in KILLARNEY VALE, the median home price is sitting at $550,000, and the average rent at $420, this suggests property owners could potentially earn a 3.97% increase in gross rental yield.
Property investors have seen a -1.61% drop in KILLARNEY VALE 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 6.91% growth over a ten-year period. It ranks 635th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $550,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -1.61% | N/A |
| Median 12 month | -7.95% | N/A |
| Median 3 years | 10.33% | N/A |
| Median 5 years | 45.21% | N/A |
| 10 years average annual | 6.91% | N/A |
| Weekly media advert. rent | $420 | N/A |
| Time on Market | 79.4 days | N/A |
| Gross Rental Yield Percent | 3.97% | N/A |
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