The suburb’s capital gain of -10.05% for the past year is lower than average compared to its -7.61% growth within a five-year period.
Also in DRIVER, the median home price is sitting at $425,000, and the average rent at $450, this suggests property owners could potentially earn a 5.51% increase in gross rental yield.
Property investors have seen a -1.62% drop in DRIVER 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 2.81% growth over a ten-year period. It ranks 2741st on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-10.05%||N/A|
|Median 3 years||-15.42%||N/A|
|Median 5 years||-7.61%||N/A|
|10 years average annual||2.81%||N/A|
|Weekly media advert. rent||$450||N/A|
|Time on Market||122.1 days||N/A|
|Gross Rental Yield Percent||5.51%||N/A|