$170m development to benefit Melbourne’s eastern suburbs
MaxCap Group has closed a $170 million senior debt deal for a development finance that will be used to deliver an exciting project in Melbou...
The suburb’s capital gain of -1.01% for the past year is lower than average compared to its 28% growth within a five-year period.
Also in LITHGOW, the median home price is sitting at $320,000, and the average rent at $300, this suggests property owners could potentially earn a 4.88% increase in gross rental yield.
Property investors have seen a -0.62% drop in LITHGOW 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 5.03% growth over a ten-year period. It ranks 1565th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $320,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -0.62% | N/A |
| Median 12 month | -1.01% | N/A |
| Median 3 years | 9.12% | N/A |
| Median 5 years | 28% | N/A |
| 10 years average annual | 5.03% | N/A |
| Weekly media advert. rent | $300 | N/A |
| Time on Market | 88.6 days | N/A |
| Gross Rental Yield Percent | 4.88% | N/A |
MaxCap Group has closed a $170 million senior debt deal for a development finance that will be used to deliver an exciting project in Melbou...
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