Surging House Prices Leading To Longer Saving Times For FHBs
Strong buyer interest, spurred on by record-low interest rates as well as below average wage growth, means it is now pre...
The suburb’s capital gain of 4.55% for the past year is lower than average compared to its 35.29% growth within a five-year period.
Also in LITHGOW, the median home price is sitting at $345,000, and the average rent at $300, this suggests property owners could potentially earn a 4.52% increase in gross rental yield.
Property investors have seen a 0.73% gain in LITHGOW 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 5.07% growth over a ten-year period. It ranks 1744th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||4.55%||N/A|
|Median 3 years||2.99%||N/A|
|Median 5 years||35.29%||N/A|
|10 years average annual||5.07%||N/A|
|Weekly media advert. rent||$300||N/A|
|Time on Market||103.9 days||N/A|
|Gross Rental Yield Percent||4.52%||N/A|