Schoolies season sparks warning to home owners
Home owners and property managers are being urged to be cautious as students celebrate their end-of-year school celebrations. ...
The suburb’s capital gain of -2.99% for the past year is lower than average compared to its 34.85% growth within a five-year period.
Also in LAMBTON, the median home price is sitting at $650,000, and the average rent at $450, this suggests property owners could potentially earn a 3.6% increase in gross rental yield.
Property investors have seen a -1.89% drop in LAMBTON 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 6.59% growth over a ten-year period. It ranks 939th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $650,000 | $467,500 |
| GROWTH REPORT | ||
| Median Quarterly | -1.89% | -2.59% |
| Median 12 month | -2.99% | 0.32% |
| Median 3 years | 13.04% | 10.78% |
| Median 5 years | 34.85% | 29.86% |
| 10 years average annual | 6.59% | 5.72% |
| Weekly media advert. rent | $450 | $360 |
| Time on Market | 70.1 days | 65.1 days |
| Gross Rental Yield Percent | 3.6% | 4% |
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