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1 MIN READ4 Property Market Trends To Expect In 2022
The impacts of COVID-19 are expected to continue to sway the property market in the year ahead, even as the country’s ...
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UnderwoodUnderwood - SUBURB PROFILE REPORT
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The suburb’s capital gain of 8.22% for the past year is higher than average compared to its 27.7% growth within a five-year period.
Also in UNDERWOOD, the median home price is sitting at $638,500, and the average rent at $480, this suggests property owners could potentially earn a 3.91% increase in gross rental yield.
Property investors have seen a -1.77% drop in UNDERWOOD 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 3.99% growth over a ten-year period. It ranks 2530th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $638,500 | $352,000 |
| GROWTH REPORT | ||
| Median Quarterly | -1.77% | -7.12% |
| Median 12 month | 8.22% | -4.86% |
| Median 3 years | 14.02% | 0.57% |
| Median 5 years | 27.7% | 1.22% |
| 10 years average annual | 3.99% | -0.79% |
| Weekly media advert. rent | $480 | $365 |
| Time on Market | 43.2 days | 126.4 days |
| Gross Rental Yield Percent | 3.91% | 5.39% |
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