COVID-19 pandemic may create a “two-speed rental market”
The COVID-19 pandemic may be leading to a “two-speed rental market”, with suburbs closer to the city likely to experience greater rental...
The suburb’s capital gain of -1.33% for the past year is lower than average compared to its 14.73% growth within a five-year period.
Also in DUBBO, the median home price is sitting at $370,000, and the average rent at $350, this suggests property owners could potentially earn a 4.92% increase in gross rental yield.
Property investors have seen a 1.37% gain in DUBBO 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 4.04% growth over a ten-year period. It ranks 1940th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-1.33%||14%|
|Median 3 years||2.07%||1.79%|
|Median 5 years||14.73%||19.25%|
|10 years average annual||4.04%||5.48%|
|Weekly media advert. rent||$350||$260|
|Time on Market||84.0 days||92.6 days|
|Gross Rental Yield Percent||4.92%||4.74%|
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