The suburb’s capital gain of -0.5% for the past year is lower than average compared to its 24.98% growth within a five-year period.
Also in ALGESTER, the median home price is sitting at $496,500, and the average rent at $430, this suggests property owners could potentially earn a 4.5% increase in gross rental yield.
Property investors have seen a 1.33% gain in ALGESTER 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 4.41% growth over a ten-year period. It ranks 1876th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-0.5%||1.97%|
|Median 3 years||13.62%||1.47%|
|Median 5 years||24.98%||N/A|
|10 years average annual||4.41%||5.18%|
|Weekly media advert. rent||$430||$370|
|Time on Market||48.6 days||79.4 days|
|Gross Rental Yield Percent||4.5%||6.19%|