Auction ban drives up withdrawal rates
The number of owners withdrawing their property from auction soared to 40 per cent last week, following the introduction of a ban on auction...
The suburb’s capital gain of 0% for the past year is higher than average compared to its -4.55% 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 -1.56% 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 1.53% growth over a ten-year period. It ranks 3249th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $630,000 | $341,000 |
| GROWTH REPORT | ||
| Median Quarterly | -1.56% | -2.57% |
| Median 12 month | 0% | 1.87% |
| Median 3 years | -5.26% | 20.71% |
| Median 5 years | -4.55% | -28.21% |
| 10 years average annual | 1.53% | 1.97% |
| Weekly media advert. rent | $520 | $330 |
| Time on Market | 71.0 days | 81.3 days |
| Gross Rental Yield Percent | 4.29% | 5.03% |
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