Property Market Update: Melbourne, September 2021
Melbourne’s property market kept the ball rolling in September as the city’s dwelling values rose once more during t...
Based on its average 5-year and quarterly capital gains MULGOA, 2745 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that MULGOA, 2745 obtained a 9.82% growth over a ten-year period. It ranks 32nd on our list of suburbs that property investors should look into.
MULGOA, 2745 in NSW belongs to the local government area of Penrith (C).
MULGOA, 2745 has a capital gain of -13.32% for the past year, which is lower than average compared to its 8.74% growth within a five-year period.
With the median home price in MULGOA sitting at $1,337,500, and the average rent at $650, property owners could potentially earn a 2.53% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in MULGOA are high, as opposed to average gains per annum over the past five years.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-13.32%||N/A|
|Median 3 years||0.19%||N/A|
|Median 5 years||8.74%||N/A|
|10 years average annual||9.82%||N/A|
|Weekly media advert. rent||$650||N/A|
|Time on Market||62.3 days||N/A|
|Gross Rental Yield Percent||2.53%||N/A|