The suburb’s capital gain of -6.5% for the past year is lower than average compared to its 26.37% growth within a five-year period.
Also in NARROMINE, the median home price is sitting at $230,000, and the average rent at $295, this suggests property owners could potentially earn a 6.67% increase in gross rental yield.
Property investors have seen a -4.17% drop in NARROMINE 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 4.25% growth over a ten-year period. It ranks 1918th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-6.5%||N/A|
|Median 3 years||9.52%||N/A|
|Median 5 years||26.37%||N/A|
|10 years average annual||4.25%||N/A|
|Weekly media advert. rent||$295||N/A|
|Time on Market||150.6 days||N/A|
|Gross Rental Yield Percent||6.67%||N/A|