What does 2020 have in store for property investors
Following a year of two halves, 2020 could be a strong one for property investors if they look at the data, an industry expert has suggested...
Based on its average 5-year and quarterly capital gains DUNGOG, 2420 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that DUNGOG, 2420 obtained a 3.97% growth over a ten-year period. It ranks 2043rd on our list of suburbs that property investors should look into.
DUNGOG, 2420 in NSW belongs to the local government area of Dungog (A).
DUNGOG, 2420 has a capital gain of 15% for the past year, which is higher than average compared to its 43.75% growth within a five-year period.
With the median home price in DUNGOG sitting at $345,000, and the average rent at $345, property owners could potentially earn a 5.2% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in DUNGOG are low, as opposed to average gains per annum over the past five years.
A 15% increase in median property prices in DUNGOG, 2420 has allowed this suburb to join the ranks of best performing suburbs in NSW, settling at number 62nd.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $345,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -5.8% | N/A |
| Median 12 month | 15% | N/A |
| Median 3 years | 18.97% | N/A |
| Median 5 years | 43.75% | N/A |
| 10 years average annual | 3.97% | N/A |
| Weekly media advert. rent | $345 | N/A |
| Time on Market | 124.6 days | N/A |
| Gross Rental Yield Percent | 5.2% | N/A |
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