New bank hits the market, set to offer home loans
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The suburb’s capital gain of 2.6% for the past year is lower than average compared to its 37.02% growth within a five-year period.
Also in LAKE CATHIE, the median home price is sitting at $562,500, and the average rent at $450, this suggests property owners could potentially earn a 4.16% increase in gross rental yield.
Property investors have seen a 0.9% 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 5.26% growth over a ten-year period. It ranks 1597th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $562,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0.9% | N/A |
| Median 12 month | 2.6% | N/A |
| Median 3 years | 17.19% | N/A |
| Median 5 years | 37.02% | N/A |
| 10 years average annual | 5.26% | N/A |
| Weekly media advert. rent | $450 | N/A |
| Time on Market | 102.2 days | N/A |
| Gross Rental Yield Percent | 4.16% | N/A |
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