Why buying under market value is not always a good idea
Most investors believe that sourcing a bargain property is like striking gold, but one expert explains why it could signal trouble. ...
The suburb’s capital gain of 4.79% for the past year is higher than average compared to its 13.89% growth within a five-year period.
Also in MORNINGSIDE, the median home price is sitting at $820,000, and the average rent at $522.5, this suggests property owners could potentially earn a 3.31% increase in gross rental yield.
Property investors have seen a 3.9% gain in MORNINGSIDE 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 3.12% growth over a ten-year period. It ranks 2407th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $820,000 | $465,000 |
| GROWTH REPORT | ||
| Median Quarterly | 3.9% | -0.53% |
| Median 12 month | 4.79% | 3.02% |
| Median 3 years | 10.81% | 0% |
| Median 5 years | 13.89% | -4.91% |
| 10 years average annual | 3.12% | 0.55% |
| Weekly media advert. rent | $522.5 | $420 |
| Time on Market | 56.1 days | 54.0 days |
| Gross Rental Yield Percent | 3.31% | 4.7% |
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