4 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 ...
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 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%|