When will house prices rise? A new report reveals all
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The suburb’s capital gain of -10.68% for the past year is lower than average compared to its 51.65% growth within a five-year period.
Also in CAMDEN, the median home price is sitting at $690,000, and the average rent at $467.5, this suggests property owners could potentially earn a 3.52% increase in gross rental yield.
Property investors have seen a -2.3% 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 7.51% growth over a ten-year period. It ranks 764th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $690,000 | $503,500 |
| GROWTH REPORT | ||
| Median Quarterly | -2.3% | 2.03% |
| Median 12 month | -10.68% | 20.17% |
| Median 3 years | 11.23% | 11.89% |
| Median 5 years | 51.65% | 54.92% |
| 10 years average annual | 7.51% | 7.18% |
| Weekly media advert. rent | $467.5 | $420 |
| Time on Market | 50.3 days | 59.6 days |
| Gross Rental Yield Percent | 3.52% | 4.34% |
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