$170m development to benefit Melbourne’s eastern suburbs
MaxCap Group has closed a $170 million senior debt deal for a development finance that will be used to deliver an exciting project in Melbou...
The suburb’s capital gain of -19.3% for the past year is lower than average compared to its 69.12% growth within a five-year period.
Also in EROWAL BAY, the median home price is sitting at $575,000, and the average rent at $350, this suggests property owners could potentially earn a 3.17% increase in gross rental yield.
Property investors have seen a 0% gain in EROWAL 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 7.89% growth over a ten-year period. It ranks 223rd on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $575,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0% | N/A |
| Median 12 month | -19.3% | N/A |
| Median 3 years | 5.02% | N/A |
| Median 5 years | 69.12% | N/A |
| 10 years average annual | 7.89% | N/A |
| Weekly media advert. rent | $350 | N/A |
| Time on Market | 109.8 days | N/A |
| Gross Rental Yield Percent | 3.17% | N/A |
MaxCap Group has closed a $170 million senior debt deal for a development finance that will be used to deliver an exciting project in Melbou...
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