Hot Property: The biggest stories this week
Melbourne’s reopening has been met with plenty of property fanfare: Here are the biggest property stories from this week. ...
The suburb’s capital gain of 3.61% for the past year is lower than average compared to its 18.35% growth within a five-year period.
Also in CRANEBROOK, the median home price is sitting at $645,000, and the average rent at $430, this suggests property owners could potentially earn a 3.47% increase in gross rental yield.
Property investors have seen a 0.78% gain in CRANEBROOK 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 6.69% growth over a ten-year period. It ranks 618th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $645,000 | $525,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0.78% | 0.96% |
| Median 12 month | 3.61% | 7.69% |
| Median 3 years | -0.62% | -2.33% |
| Median 5 years | 18.35% | 18.74% |
| 10 years average annual | 6.69% | 6.03% |
| Weekly media advert. rent | $430 | $400 |
| Time on Market | 38.2 days | 0.0 days |
| Gross Rental Yield Percent | 3.47% | 3.96% |
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A keen property investor has spoken out about how his purchase in the Hobart market kicked off the start of a successful portfolio. ...
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