‘Nearology’ Factor Pushing Double-digit Growth In These WA Suburbs
Robust activity in Western Australia’s popular suburbs has caused property prices to skyrocket, yet buyers are still w...
Property investors enjoyed capital gains of 5.94% over the last 12 months in YOUNG, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 3.95% growth over a ten-year period. It ranks 2636th on our list of suburbs that property investors should look into.
YOUNG, 2594 has a capital gain of 5.94% for the past year, which is lower than average compared to its 35.6% growth within a five-year period.
With the median home price in YOUNG sitting at $339,000, and the average rent at $317.5, property owners could potentially earn a 4.87% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in YOUNG are low, as opposed to average gains per annum over the past five years.
YOUNG, 2594 in NSW belongs to the local government area of Hilltops (A).
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||5.94%||0%|
|Median 3 years||23.27%||17.77%|
|Median 5 years||35.6%||30.59%|
|10 years average annual||3.95%||-2.78%|
|Weekly media advert. rent||$317.5||$250|
|Time on Market||82.6 days||70.1 days|
|Gross Rental Yield Percent||4.87%||5.86%|