What does 2020 have in store for property investors
Following a year of two halves, 2020 could be a strong one for property investors if they look at the data, an industry expert has suggested...
The suburb’s capital gain of -2.37% for the past year is lower than average compared to its 22.47% growth within a five-year period.
Also in QUEANBEYAN, the median home price is sitting at $515,000, and the average rent at $475, this suggests property owners could potentially earn a 4.8% increase in gross rental yield.
Property investors have seen a -1.9% drop in QUEANBEYAN 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 3.21% growth over a ten-year period. It ranks 2373rd on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $515,000 | $343,500 |
| GROWTH REPORT | ||
| Median Quarterly | -1.9% | 0.44% |
| Median 12 month | -2.37% | 12.07% |
| Median 3 years | 13.81% | 27.22% |
| Median 5 years | 22.47% | 9.57% |
| 10 years average annual | 3.21% | 2.12% |
| Weekly media advert. rent | $475 | $350 |
| Time on Market | 68.2 days | 90.4 days |
| Gross Rental Yield Percent | 4.8% | 5.3% |
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