The suburb’s capital gain of 1.04% for the past year is lower than average compared to its 8.14% growth within a five-year period.
Also in KARABAR, the median home price is sitting at $485,000, and the average rent at $435, this suggests property owners could potentially earn a 4.66% increase in gross rental yield.
Property investors have seen a 1.57% gain in KARABAR 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 3.25% growth over a ten-year period. It ranks 2482nd on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||1.04%||4.9%|
|Median 3 years||6.83%||19.43%|
|Median 5 years||8.14%||4.46%|
|10 years average annual||3.25%||3.44%|
|Weekly media advert. rent||$435||$300|
|Time on Market||76.4 days||72.3 days|
|Gross Rental Yield Percent||4.66%||4.16%|