Canberra Now Boasts A 7-figure Median House Price
With double-digit growth and the steepest price acceleration in almost three decades, Canberra continues to dominate the...
Also in BYRON BAY, the median home price is sitting at $2,350,000, and the average rent at $900, this suggests property owners could potentially earn a 1.99% increase in gross rental yield.
Property investors have seen a 9.3% gain in BYRON BAY 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 13.6% growth over a ten-year period. It ranks 3300th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||N/A||-3.49%|
|Median 3 years||62.07%||-3.49%|
|Median 5 years||131.53%||28.6%|
|10 years average annual||13.6%||4.99%|
|Weekly media advert. rent||$900||$620|
|Time on Market||96.2 days||88.2 days|
|Gross Rental Yield Percent||1.99%||4.24%|