The suburb’s capital gain of 5.73% for the past year is lower than average compared to its 40.84% growth within a five-year period.
Also in GRANGE, the median home price is sitting at $922,500, and the average rent at $520, this suggests property owners could potentially earn a 2.93% increase in gross rental yield.
Property investors have seen a 0.27% gain in GRANGE 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 4.3% growth over a ten-year period. It ranks 1814th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||5.73%||N/A|
|Median 3 years||16.11%||N/A|
|Median 5 years||40.84%||N/A|
|10 years average annual||4.3%||N/A|
|Weekly media advert. rent||$520||N/A|
|Time on Market||61.7 days||N/A|
|Gross Rental Yield Percent||2.93%||N/A|