How investors should react to mortgage possessions coming soon
Analysis of data by a major bank shows that mortgage possession is looming around the corner, according to one property commentator. ...
The suburb’s capital gain of -3.64% for the past year is lower than average compared to its 31.68% growth within a five-year period.
Also in COORANBONG, the median home price is sitting at $530,000, and the average rent at $450, this suggests property owners could potentially earn a 4.42% increase in gross rental yield.
Property investors have seen a 0.47% gain in COORANBONG 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 5.95% growth over a ten-year period. It ranks 1389th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $530,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0.47% | N/A |
| Median 12 month | -3.64% | N/A |
| Median 3 years | 21.84% | N/A |
| Median 5 years | 31.68% | N/A |
| 10 years average annual | 5.95% | N/A |
| Weekly media advert. rent | $450 | N/A |
| Time on Market | 81.7 days | N/A |
| Gross Rental Yield Percent | 4.42% | N/A |
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