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The suburb’s capital gain of -4.73% for the past year is lower than average compared to its 34.29% growth within a five-year period.
Also in SAPPHIRE BEACH, the median home price is sitting at $705,000, and the average rent at $520, this suggests property owners could potentially earn a 3.84% increase in gross rental yield.
Property investors have seen a -2.08% drop in SAPPHIRE BEACH 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 1.83% growth over a ten-year period. It ranks 3299th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $705,000 | $321,000 |
| GROWTH REPORT | ||
| Median Quarterly | -2.08% | 1.9% |
| Median 12 month | -4.73% | 9.93% |
| Median 3 years | 16.05% | 36.6% |
| Median 5 years | 34.29% | N/A |
| 10 years average annual | 1.83% | 0.12% |
| Weekly media advert. rent | $520 | $415 |
| Time on Market | 85.6 days | 73.2 days |
| Gross Rental Yield Percent | 3.84% | 6.72% |
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