The biggest mistakes first-time investors can make
No matter if you are a first-time investor or a veteran in the market, there are some aspects of investing that are universal to all. Thatâ€...
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The suburb’s capital gain of 5.19% for the past year is lower than average compared to its 46.39% growth within a five-year period.
Also in CHAMBERS FLAT, the median home price is sitting at $710,000, and the average rent at $650, this suggests property owners could potentially earn a 4.76% increase in gross rental yield.
Property investors have seen a -1.39% drop in CHAMBERS FLAT 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 5.37% growth over a ten-year period. It ranks 1561st on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $710,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -1.39% | N/A |
| Median 12 month | 5.19% | N/A |
| Median 3 years | 25.66% | N/A |
| Median 5 years | 46.39% | N/A |
| 10 years average annual | 5.37% | N/A |
| Weekly media advert. rent | $650 | N/A |
| Time on Market | 64.1 days | N/A |
| Gross Rental Yield Percent | 4.76% | N/A |
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