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Many businesses over the next few months will be forced to shut their doors to slow the spread of COVID-19. The important thing for landlord...
The suburb’s capital gain of -12.41% for the past year is lower than average compared to its 42.52% growth within a five-year period.
Also in THE ENTRANCE, the median home price is sitting at $600,000, and the average rent at $410, this suggests property owners could potentially earn a 3.55% increase in gross rental yield.
Property investors have seen a -9.77% drop in THE ENTRANCE 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 6.96% growth over a ten-year period. It ranks 614th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $600,000 | $450,000 |
| GROWTH REPORT | ||
| Median Quarterly | -9.77% | 0.11% |
| Median 12 month | -12.41% | 1.12% |
| Median 3 years | 6.76% | 13.07% |
| Median 5 years | 42.52% | 40.63% |
| 10 years average annual | 6.96% | 4.24% |
| Weekly media advert. rent | $410 | $375 |
| Time on Market | 88.6 days | 111.4 days |
| Gross Rental Yield Percent | 3.55% | 4.33% |
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