New bank hits the market, set to offer home loans
One lender has been granted a full banking licence in Australia, and is eyeing the home loan market. ...
The suburb’s capital gain of -6.67% for the past year is lower than average compared to its -10.64% growth within a five-year period.
Also in RAPID CREEK, the median home price is sitting at $630,000, and the average rent at $520, this suggests property owners could potentially earn a 4.29% increase in gross rental yield.
Property investors have seen a 2.44% gain in RAPID CREEK 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 2.7% growth over a ten-year period. It ranks 2638th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $630,000 | $334,750 |
| GROWTH REPORT | ||
| Median Quarterly | 2.44% | 3.96% |
| Median 12 month | -6.67% | -15.47% |
| Median 3 years | -6.32% | -22.56% |
| Median 5 years | -10.64% | -27.23% |
| 10 years average annual | 2.7% | 2.12% |
| Weekly media advert. rent | $520 | $350 |
| Time on Market | 0.0 days | 58.2 days |
| Gross Rental Yield Percent | 4.29% | 5.44% |
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