Falling loan deferrals prove market recovery: REIA
The reduction in loan deferral defies doom and gloom forecasts in the property market, the Real Estate Industry of Australia has said. ...
The suburb’s capital gain of -0.43% for the past year is lower than average compared to its 21.23% growth within a five-year period.
Also in LAKE CATHIE, the median home price is sitting at $579,500, and the average rent at $442.5, this suggests property owners could potentially earn a 3.97% increase in gross rental yield.
Property investors have seen a -0.09% drop in LAKE CATHIE 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 3.64% growth over a ten-year period. It ranks 2088th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $579,500 | $455,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.09% | -2.67% |
| Median 12 month | -0.43% | N/A |
| Median 3 years | 4.41% | N/A |
| Median 5 years | 21.23% | 52.17% |
| 10 years average annual | 3.64% | -25.93% |
| Weekly media advert. rent | $442.5 | $300 |
| Time on Market | 121.3 days | 0.0 days |
| Gross Rental Yield Percent | 3.97% | 3.43% |
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