The suburb’s capital gain of -11.84% for the past year is lower than average compared to its -2.15% growth within a five-year period.
Also in DRIVER, the median home price is sitting at $432,000, and the average rent at $450, this suggests property owners could potentially earn a 5.42% increase in gross rental yield.
Property investors have seen a -1.82% 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 3.36% growth over a ten-year period. It ranks 2446th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-11.84%||N/A|
|Median 3 years||-13.6%||N/A|
|Median 5 years||-2.15%||N/A|
|10 years average annual||3.36%||N/A|
|Weekly media advert. rent||$450||N/A|
|Time on Market||137.5 days||N/A|
|Gross Rental Yield Percent||5.42%||N/A|