The suburb’s capital gain of 3% for the past year is lower than average compared to its 62.92% growth within a five-year period.
Also in SAPPHIRE BEACH, the median home price is sitting at $725,000, and the average rent at $470, this suggests property owners could potentially earn a 3.37% increase in gross rental yield.
Property investors have seen a -0.96% 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 3.31% growth over a ten-year period. It ranks 2236th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||3%||-17.01%|
|Median 3 years||16.94%||28.72%|
|Median 5 years||62.92%||N/A|
|10 years average annual||3.31%||2.59%|
|Weekly media advert. rent||$470||$390|
|Time on Market||100.9 days||95.6 days|
|Gross Rental Yield Percent||3.37%||6.7%|
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