Property News You Need To Know: The Week Ending 19 September
Smart Property Investment is pleased to present a weekly round-up of the biggest stories across property, investment, re...
The suburb’s capital gain of 15.44% for the past year is higher than average compared to its 37.05% growth within a five-year period.
Also in MITTAGONG, the median home price is sitting at $860,000, and the average rent at $500, this suggests property owners could potentially earn a 3.02% increase in gross rental yield.
Property investors have seen a 4.88% gain in MITTAGONG based on an increase in median home prices for the past three months.
They believe that homeowners and real estate investors betting on MITTAGONG, 2575 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 15.44%.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 8.06% growth over a ten-year period. It ranks 455th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||15.44%||3.97%|
|Median 3 years||20.53%||28.43%|
|Median 5 years||37.05%||7.38%|
|10 years average annual||8.06%||14.49%|
|Weekly media advert. rent||$500||$450|
|Time on Market||70.2 days||92.3 days|
|Gross Rental Yield Percent||3.02%||3.57%|