The suburb’s capital gain of 2.04% for the past year is lower than average compared to its 25.16% growth within a five-year period.
Also in ALGESTER, the median home price is sitting at $500,000, and the average rent at $420, this suggests property owners could potentially earn a 4.37% increase in gross rental yield.
Property investors have seen a 1.01% 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 4.09% growth over a ten-year period. It ranks 1997th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||2.04%||10.39%|
|Median 3 years||11.73%||9.06%|
|Median 5 years||25.16%||15.81%|
|10 years average annual||4.09%||2.9%|
|Weekly media advert. rent||$420||$370|
|Time on Market||42.7 days||92.1 days|
|Gross Rental Yield Percent||4.37%||5.71%|