‘Zero spread’ opens up property-buying opportunities
Property investment is set to gather pace as first home buyers and investors alike are tempted into a “zero spread” environment, thanks ...
The suburb’s capital gain of 0% for the past year is higher than average compared to its -16.52% growth within a five-year period.
Also in WULAGI, the median home price is sitting at $480,000, and the average rent at $450, this suggests property owners could potentially earn a 4.88% increase in gross rental yield.
Property investors have seen a 0% gain in WULAGI 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 0.82% growth over a ten-year period. It ranks 3587th 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 | 0% | N/A |
| Median 12 month | 0% | N/A |
| Median 3 years | -9.43% | N/A |
| Median 5 years | -16.52% | N/A |
| 10 years average annual | 0.82% | N/A |
| Weekly media advert. rent | $450 | N/A |
| Time on Market | 79.9 days | N/A |
| Gross Rental Yield Percent | 4.88% | N/A |
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