The best and worst regional investments
The high costs of properties in Sydney and Melbourne are driving investors outwards, leading to an uptick in prices for adjacent regional a...
The suburb’s capital gain of -3.08% for the past year is lower than average compared to its -7.35% growth within a five-year period.
Also in RAPID CREEK, the median home price is sitting at $630,000, and the average rent at $527.5, this suggests property owners could potentially earn a 4.35% increase in gross rental yield.
Property investors have seen a -5.97% drop in RAPID CREEK 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 2.24% growth over a ten-year period. It ranks 2808th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $630,000 | $345,500 |
| GROWTH REPORT | ||
| Median Quarterly | -5.97% | 10.74% |
| Median 12 month | -3.08% | 7.3% |
| Median 3 years | -5.26% | 19.76% |
| Median 5 years | -7.35% | -32.7% |
| 10 years average annual | 2.24% | 2.2% |
| Weekly media advert. rent | $527.5 | $320 |
| Time on Market | 66.5 days | 59.8 days |
| Gross Rental Yield Percent | 4.35% | 4.82% |
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