Rental rates record decade-high rise in December
The rental market finished the year strong, with December clocking the largest monthly increase in rental rates since 2010, as the regions c...
The suburb’s capital gain of 7.24% for the past year is higher than average compared to its 30.24% growth within a five-year period.
Also in SAPPHIRE BEACH, the median home price is sitting at $792,500, and the average rent at $550, this suggests property owners could potentially earn a 3.61% increase in gross rental yield.
Property investors have seen a 1.6% gain in SAPPHIRE BEACH 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 4.14% growth over a ten-year period. It ranks 1923rd on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $792,500 | $272,500 |
| GROWTH REPORT | ||
| Median Quarterly | 1.6% | -3.71% |
| Median 12 month | 7.24% | -14.58% |
| Median 3 years | 8.64% | -6.68% |
| Median 5 years | 30.24% | 17.2% |
| 10 years average annual | 4.14% | 4.35% |
| Weekly media advert. rent | $550 | $377.5 |
| Time on Market | 109.5 days | 62.7 days |
| Gross Rental Yield Percent | 3.61% | 7.2% |
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