The suburb’s capital gain of 6.94% for the past year is higher than average compared to its 26.26% growth within a five-year period.
Also in NEW FARM, the median home price is sitting at $1,502,500, and the average rent at $797.5, this suggests property owners could potentially earn a 2.76% increase in gross rental yield.
Property investors have seen a -4.56% drop in NEW FARM 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 5.25% growth over a ten-year period. It ranks 1599th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||6.94%||3.9%|
|Median 3 years||1.86%||5.26%|
|Median 5 years||26.26%||11.11%|
|10 years average annual||5.25%||2.36%|
|Weekly media advert. rent||$797.5||$400|
|Time on Market||58.0 days||55.7 days|
|Gross Rental Yield Percent||2.76%||3.47%|
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