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 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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