Australian home sizes at 22-year low
New data from the ABS has highlighted the decline of the average new-home size, which is at its smallest level since 1996. ...
The suburb’s capital gain of 5.94% for the past year is lower than average compared to its 73.85% growth within a five-year period.
Also in NEW FARM, the median home price is sitting at $1,695,000, and the average rent at $750, this suggests property owners could potentially earn a 2.3% increase in gross rental yield.
Property investors have seen a -0.29% 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 6.07% growth over a ten-year period. It ranks 1282nd on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,695,000 | $620,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.29% | 2.99% |
| Median 12 month | 5.94% | 5.39% |
| Median 3 years | 23.86% | 7.08% |
| Median 5 years | 73.85% | 25.76% |
| 10 years average annual | 6.07% | 2.29% |
| Weekly media advert. rent | $750 | $420 |
| Time on Market | 81.6 days | 74.2 days |
| Gross Rental Yield Percent | 2.3% | 3.52% |
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