What does 2020 have in store for property investors
Following a year of two halves, 2020 could be a strong one for property investors if they look at the data, an industry expert has suggested...
The suburb’s capital gain of -7.1% for the past year is lower than average compared to its 17% growth within a five-year period.
Also in NEW FARM, the median home price is sitting at $1,462,500, and the average rent at $795, this suggests property owners could potentially earn a 2.83% increase in gross rental yield.
Property investors have seen a -6.4% 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 6.34% growth over a ten-year period. It ranks 1084th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,462,500 | $585,000 |
| GROWTH REPORT | ||
| Median Quarterly | -6.4% | 5.41% |
| Median 12 month | -7.1% | -1.27% |
| Median 3 years | -13.33% | 4.46% |
| Median 5 years | 17% | -0.85% |
| 10 years average annual | 6.34% | 2.7% |
| Weekly media advert. rent | $795 | $400 |
| Time on Market | 70.9 days | 62.5 days |
| Gross Rental Yield Percent | 2.83% | 3.56% |
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