Investors not ‘playing’ the game could miss out big
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The suburb’s capital gain of -5.88% for the past year is lower than average compared to its -16.67% growth within a five-year period.
Also in WULAGI, the median home price is sitting at $480,000, and the average rent at $480, this suggests property owners could potentially earn a 5.2% increase in gross rental yield.
Property investors have seen a -2.04% drop in WULAGI 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 2.17% growth over a ten-year period. It ranks 2851st on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $480,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -2.04% | N/A |
| Median 12 month | -5.88% | N/A |
| Median 3 years | -12.73% | N/A |
| Median 5 years | -16.67% | N/A |
| 10 years average annual | 2.17% | N/A |
| Weekly media advert. rent | $480 | N/A |
| Time on Market | 68.6 days | N/A |
| Gross Rental Yield Percent | 5.2% | N/A |
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