House prices see largest price drop for last 7 years
A property institute has claimed house prices have seen their largest drop since December 2011, giving buyers the opportunity to add to thei...
The suburb’s capital gain of -1.1% for the past year is lower than average compared to its 28.93% growth within a five-year period.
Also in DUBBO, the median home price is sitting at $361,000, and the average rent at $340, this suggests property owners could potentially earn a 4.9% increase in gross rental yield.
Property investors have seen a 0.28% 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 4.32% growth over a ten-year period. It ranks 1794th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $361,000 | $276,500 |
| GROWTH REPORT | ||
| Median Quarterly | 0.28% | 0.55% |
| Median 12 month | -1.1% | 0.91% |
| Median 3 years | 10.31% | 16.18% |
| Median 5 years | 28.93% | 42.16% |
| 10 years average annual | 4.32% | 7.23% |
| Weekly media advert. rent | $340 | $265 |
| Time on Market | 77.5 days | 65.5 days |
| Gross Rental Yield Percent | 4.9% | 4.98% |
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