The suburb’s capital gain of 4.75% for the past year is higher than average compared to its 4.85% growth within a five-year period.
Also in BLACK HEAD, the median home price is sitting at $529,500, and the average rent at $475, this suggests property owners could potentially earn a 4.66% increase in gross rental yield.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 2.82% growth over a ten-year period. It ranks 2766th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||4.75%||N/A|
|Median 3 years||8.62%||N/A|
|Median 5 years||4.85%||N/A|
|10 years average annual||2.82%||N/A|
|Weekly media advert. rent||$475||N/A|
|Time on Market||170.1 days||N/A|
|Gross Rental Yield Percent||4.66%||N/A|