Hot Property: The biggest stories this week
Melbourne’s reopening has been met with plenty of property fanfare: Here are the biggest property stories from this week. ...
The suburb’s capital gain of 14.38% for the past year is higher than average compared to its 27.88% growth within a five-year period.
Also in NEW FARM, the median home price is sitting at $1,750,000, and the average rent at $810, this suggests property owners could potentially earn a 2.41% increase in gross rental yield.
Property investors have seen a 12.9% gain in NEW FARM based on an increase in median home prices for the past three months.
They believe that homeowners and real estate investors betting on NEW FARM, 4005 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 14.38%.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 6.66% growth over a ten-year period. It ranks 627th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,750,000 | $590,000 |
| GROWTH REPORT | ||
| Median Quarterly | 12.9% | 0% |
| Median 12 month | 14.38% | 3.51% |
| Median 3 years | 25% | 1.55% |
| Median 5 years | 27.88% | 1.83% |
| 10 years average annual | 6.66% | 1.43% |
| Weekly media advert. rent | $810 | $400 |
| Time on Market | 64.5 days | 62.4 days |
| Gross Rental Yield Percent | 2.41% | 3.53% |
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