The suburb’s capital gain of -4.35% for the past year is lower than average compared to its 33.79% growth within a five-year period.
Also in GRANGE, the median home price is sitting at $880,000, and the average rent at $545, this suggests property owners could potentially earn a 3.22% increase in gross rental yield.
Property investors have seen a -3.83% drop in GRANGE 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 5.39% growth over a ten-year period. It ranks 1425th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-4.35%||11.9%|
|Median 3 years||18.92%||N/A|
|Median 5 years||33.79%||N/A|
|10 years average annual||5.39%||4.09%|
|Weekly media advert. rent||$545||$390|
|Time on Market||72.1 days||0.0 days|
|Gross Rental Yield Percent||3.22%||4.31%|