$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 0% for the past year is lower than average compared to its 36.39% growth within a five-year period.
Also in TUNCURRY, the median home price is sitting at $520,000, and the average rent at $430, this suggests property owners could potentially earn a 4.3% increase in gross rental yield.
Property investors have seen a 0% gain in TUNCURRY 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 3.59% growth over a ten-year period. It ranks 2114th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||0%||-3.15%|
|Median 3 years||17.18%||12.94%|
|Median 5 years||36.39%||41.68%|
|10 years average annual||3.59%||3.35%|
|Weekly media advert. rent||$430||$300|
|Time on Market||111.7 days||109.1 days|
|Gross Rental Yield Percent||4.3%||4.41%|
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