How to avoid buying overvalued properties
As stock levels continue to remain low and first-time buyers rush the market, it is becoming increasingly difficult for property investors t...
The suburb’s capital gain of 4.11% for the past year is lower than average compared to its 35.85% growth within a five-year period.
Also in YAMBA, the median home price is sitting at $557,000, and the average rent at $500, this suggests property owners could potentially earn a 4.67% increase in gross rental yield.
Property investors have seen a -0.36% drop in YAMBA 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 4.3% growth over a ten-year period. It ranks 1904th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $557,000 | $420,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.36% | 0.66% |
| Median 12 month | 4.11% | -8.7% |
| Median 3 years | 14.85% | 25.65% |
| Median 5 years | 35.85% | 31.25% |
| 10 years average annual | 4.3% | 3.81% |
| Weekly media advert. rent | $500 | $425 |
| Time on Market | 92.4 days | 88.8 days |
| Gross Rental Yield Percent | 4.67% | 5.26% |
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