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...
The suburb’s capital gain of 4.5% for the past year is lower than average compared to its 36.47% growth within a five-year period.
Also in LAKE CATHIE, the median home price is sitting at $580,000, and the average rent at $470, this suggests property owners could potentially earn a 4.21% increase in gross rental yield.
Property investors have seen a 0.04% gain in LAKE CATHIE 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 5.01% growth over a ten-year period. It ranks 1650th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $580,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0.04% | N/A |
| Median 12 month | 4.5% | N/A |
| Median 3 years | 17.17% | N/A |
| Median 5 years | 36.47% | N/A |
| 10 years average annual | 5.01% | N/A |
| Weekly media advert. rent | $470 | N/A |
| Time on Market | 110.8 days | N/A |
| Gross Rental Yield Percent | 4.21% | N/A |
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