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 3.05% for the past year is lower than average compared to its 24.66% growth within a five-year period.
Also in TORONTO, the median home price is sitting at $465,000, and the average rent at $380, this suggests property owners could potentially earn a 4.25% increase in gross rental yield.
Property investors have seen a 3.33% gain in TORONTO 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 4.8% growth over a ten-year period. It ranks 1698th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $465,000 | $440,000 |
| GROWTH REPORT | ||
| Median Quarterly | 3.33% | -2.22% |
| Median 12 month | 3.05% | 3.53% |
| Median 3 years | 18.32% | -7.37% |
| Median 5 years | 24.66% | 3.53% |
| 10 years average annual | 4.8% | 3.69% |
| Weekly media advert. rent | $380 | $355 |
| Time on Market | 80.5 days | 114.9 days |
| Gross Rental Yield Percent | 4.25% | 4.2% |
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