The biggest mistakes first-time investors can make
No matter if you are a first-time investor or a veteran in the market, there are some aspects of investing that are universal to all. Thatâ€...
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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 Price | $1,502,500 | $600,000 |
| GROWTH REPORT | ||
| Median Quarterly | -4.56% | 0.84% |
| 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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