When will house prices rise? A new report reveals all
Though the property market is tipped to bottom out sooner than expected following the federal election, new research shows actual gains coul...
Based on its average 5-year and quarterly capital gains FORBES, 2871 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that FORBES, 2871 obtained a 5.72% growth over a ten-year period. It ranks 1451st on our list of suburbs that property investors should look into.
FORBES, 2871 in NSW belongs to the local government area of Forbes (A).
FORBES, 2871 has a capital gain of 0.78% for the past year, which is lower than average compared to its 36.13% growth within a five-year period.
With the median home price in FORBES sitting at $260,000, and the average rent at $255, property owners could potentially earn a 5.1% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in FORBES are low, as opposed to average gains per annum over the past five years.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $260,000 | $257,500 |
| GROWTH REPORT | ||
| Median Quarterly | -1.7% | N/A |
| Median 12 month | 0.78% | N/A |
| Median 3 years | 11.83% | N/A |
| Median 5 years | 36.13% | N/A |
| 10 years average annual | 5.72% | N/A |
| Weekly media advert. rent | $255 | $217.5 |
| Time on Market | 98.3 days | 0.0 days |
| Gross Rental Yield Percent | 5.1% | 4.39% |
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