Auction ban drives up withdrawal rates
The number of owners withdrawing their property from auction soared to 40 per cent last week, following the introduction of a ban on auction...
The suburb’s capital gain of -1.44% for the past year is lower than average compared to its 41.31% growth within a five-year period.
Also in CAMDEN, the median home price is sitting at $685,000, and the average rent at $447.5, this suggests property owners could potentially earn a 3.4% increase in gross rental yield.
Property investors have seen a 0% gain in CAMDEN 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 7.15% growth over a ten-year period. It ranks 1348th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $685,000 | $400,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0% | 2.56% |
| Median 12 month | -1.44% | -20.56% |
| Median 3 years | 3.79% | -18.37% |
| Median 5 years | 41.31% | 6.95% |
| 10 years average annual | 7.15% | 4.86% |
| Weekly media advert. rent | $447.5 | $410 |
| Time on Market | 48.7 days | 92.6 days |
| Gross Rental Yield Percent | 3.4% | 5.33% |
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