Rental property rarely used as retirement income tool
Only a tiny proportion of older Australians expect property income to be their main source of income in retirement, despite these people bei...
The suburb’s capital gain of -11.91% for the past year is lower than average compared to its 27.39% growth within a five-year period.
Also in MANYANA, the median home price is sitting at $514,000, and the average rent at $277.5, this suggests property owners could potentially earn a 2.81% increase in gross rental yield.
Property investors have seen a 0.19% gain in MANYANA 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 7.1% growth over a ten-year period. It ranks 612th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $514,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0.19% | N/A |
| Median 12 month | -11.91% | N/A |
| Median 3 years | 33.51% | N/A |
| Median 5 years | 27.39% | N/A |
| 10 years average annual | 7.1% | N/A |
| Weekly media advert. rent | $277.5 | N/A |
| Time on Market | 150.8 days | N/A |
| Gross Rental Yield Percent | 2.81% | N/A |
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