The suburb’s capital gain of 1.05% for the past year is lower than average compared to its 29.73% growth within a five-year period.
Also in NARROMINE, the median home price is sitting at $240,000, and the average rent at $300, this suggests property owners could potentially earn a 6.5% increase in gross rental yield.
Property investors have seen a 4.35% gain in NARROMINE 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 4.53% growth over a ten-year period. It ranks 1821st on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||1.05%||N/A|
|Median 3 years||26.32%||N/A|
|Median 5 years||29.73%||N/A|
|10 years average annual||4.53%||N/A|
|Weekly media advert. rent||$300||N/A|
|Time on Market||160.0 days||N/A|
|Gross Rental Yield Percent||6.5%||N/A|