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...
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 5.72% growth over a ten-year period. It ranks 1339th on our list of suburbs that property investors should look into.
RANKIN PARK, 2287 has a capital gain of 0% for the past year, which is lower than average compared to its 20% growth within a five-year period.
With the median home price in RANKIN PARK sitting at $600,000, and the average rent at $487.5, property owners could potentially earn a 4.23% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in RANKIN PARK are high, as opposed to average gains per annum over the past five years.
RANKIN PARK, 2287 in NSW belongs to the local government area of Newcastle (C).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $600,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 6.19% | N/A |
| Median 12 month | 0% | N/A |
| Median 3 years | 18.69% | N/A |
| Median 5 years | 20% | N/A |
| 10 years average annual | 5.72% | N/A |
| Weekly media advert. rent | $487.5 | N/A |
| Time on Market | 36.8 days | N/A |
| Gross Rental Yield Percent | 4.23% | N/A |
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