Why buying under market value is not always a good idea
Most investors believe that sourcing a bargain property is like striking gold, but one expert explains why it could signal trouble. ...
The suburb’s capital gain of 4.14% for the past year is lower than average compared to its 30.5% growth within a five-year period.
Also in ORIENT POINT, the median home price is sitting at $522,000, and the average rent at $249.5, this suggests property owners could potentially earn a 2.49% increase in gross rental yield.
Property investors have seen a -1.32% drop in ORIENT POINT 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 8.73% growth over a ten-year period. It ranks 88th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $522,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -1.32% | N/A |
| Median 12 month | 4.14% | N/A |
| Median 3 years | 6.1% | N/A |
| Median 5 years | 30.5% | N/A |
| 10 years average annual | 8.73% | N/A |
| Weekly media advert. rent | $249.5 | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | 2.49% | N/A |
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