Collateralised borrowing spiked amid financial stress: RBA
The RBA has studied the role of collateral in credit markets under stress, and has found that collateralised borrowing rose for some segme...
The suburb’s capital gain of -6.22% for the past year is lower than average compared to its 1.54% growth within a five-year period.
Also in NORTHGATE, the median home price is sitting at $660,000, and the average rent at $450, this suggests property owners could potentially earn a 3.55% increase in gross rental yield.
Property investors have seen a 2.01% gain in NORTHGATE based on an increase 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 4.01% growth over a ten-year period. It ranks 1978th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $660,000 | $362,500 |
| GROWTH REPORT | ||
| Median Quarterly | 2.01% | 1.05% |
| Median 12 month | -6.22% | -3.85% |
| Median 3 years | -5.71% | 1.05% |
| Median 5 years | 1.54% | -11.59% |
| 10 years average annual | 4.01% | 0.47% |
| Weekly media advert. rent | $450 | $367.5 |
| Time on Market | 64.5 days | 65.9 days |
| Gross Rental Yield Percent | 3.55% | 5.27% |
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