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 Price | $370,000 | $285,000 |
| GROWTH REPORT | ||
| Median Quarterly | 1.37% | 4.78% |
| 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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