Returning expats may increase property prices
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The suburb’s capital gain of 3.65% for the past year is lower than average compared to its 23.48% growth within a five-year period.
Also in CAMDEN, the median home price is sitting at $710,000, and the average rent at $447.5, this suggests property owners could potentially earn a 3.28% increase in gross rental yield.
Property investors have seen a -2.54% drop in CAMDEN 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 5.99% growth over a ten-year period. It ranks 978th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $710,000 | $437,250 |
| GROWTH REPORT | ||
| Median Quarterly | -2.54% | 0.63% |
| Median 12 month | 3.65% | 9.31% |
| Median 3 years | -5.33% | 5.36% |
| Median 5 years | 23.48% | -1.19% |
| 10 years average annual | 5.99% | 5.58% |
| Weekly media advert. rent | $447.5 | $397.5 |
| Time on Market | 44.9 days | 95.3 days |
| Gross Rental Yield Percent | 3.28% | 4.73% |
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