Victorian land sales strong despite restrictions
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The suburb’s capital gain of -2.44% for the past year is lower than average compared to its 31.33% growth within a five-year period.
Also in PELAW MAIN, the median home price is sitting at $350,000, and the average rent at $285, this suggests property owners could potentially earn a 4.23% increase in gross rental yield.
Property investors have seen a -3.45% drop in PELAW MAIN 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 4.6% growth over a ten-year period. It ranks 1722nd on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-2.44%||N/A|
|Median 3 years||7.2%||N/A|
|Median 5 years||31.33%||N/A|
|10 years average annual||4.6%||N/A|
|Weekly media advert. rent||$285||N/A|
|Time on Market||54.8 days||N/A|
|Gross Rental Yield Percent||4.23%||N/A|
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