Property to regain momentum following health crisis
Strong property price growth before the outbreak of COVID-19 gives investors a snapshot of what market conditions will be like once the pand...
Subscribe to our newsletter
The suburb’s capital gain of 4.59% for the past year is higher than average compared to its 17.53% growth within a five-year period.
Also in UNDERWOOD, the median home price is sitting at $570,000, and the average rent at $457.5, this suggests property owners could potentially earn a 4.17% increase in gross rental yield.
Property investors have seen a 3.64% gain in UNDERWOOD 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 3.41% growth over a ten-year period. It ranks 2232nd on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $570,000 | $334,000 |
| GROWTH REPORT | ||
| Median Quarterly | 3.64% | 1.06% |
| Median 12 month | 4.59% | -8.49% |
| Median 3 years | 8.78% | 3.09% |
| Median 5 years | 17.53% | -12.11% |
| 10 years average annual | 3.41% | -0.57% |
| Weekly media advert. rent | $457.5 | $417 |
| Time on Market | 64.7 days | 127.0 days |
| Gross Rental Yield Percent | 4.17% | 6.49% |
Strong property price growth before the outbreak of COVID-19 gives investors a snapshot of what market conditions will be like once the pand...
Aussie national retail groups and shopping centre landlords have reached an agreement on a set of retail leasing principles, presenting a un...
In a press conference following the most recent national cabinet meeting, Prime Minister Scott Morrison has weighed in on the government’s...
Ray White Commercial’s head of agency operations, Andrew Freeman, has shared how the commercial market is playing out for keen investors. ...
Landlords have received welcome news, with the Minister for Housing confirming there is no rental freeze during the moratorium. ...
The Reserve Bank has “no appetite” for negative interest rates, with the current cash rate locked in for an “extended period”, the c...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
