$170m development to benefit Melbourne’s eastern suburbs
MaxCap Group has closed a $170 million senior debt deal for a development finance that will be used to deliver an exciting project in Melbou...
The suburb’s capital gain of 5% for the past year is higher than average compared to its 0.68% growth within a five-year period.
Also in DENMAN, the median home price is sitting at $367,500, and the average rent at $380, this suggests property owners could potentially earn a 5.38% increase in gross rental yield.
Property investors have seen a 7.3% gain in DENMAN 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 3.96% growth over a ten-year period. It ranks 1962nd on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $367,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 7.3% | N/A |
| Median 12 month | 5% | N/A |
| Median 3 years | 38.68% | N/A |
| Median 5 years | 0.68% | N/A |
| 10 years average annual | 3.96% | N/A |
| Weekly media advert. rent | $380 | N/A |
| Time on Market | 139.7 days | N/A |
| Gross Rental Yield Percent | 5.38% | N/A |
MaxCap Group has closed a $170 million senior debt deal for a development finance that will be used to deliver an exciting project in Melbou...
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