Property Growth Expectations Hit Record Highs
Confidence in the property industry is just shy of setting a new record, buoyed by the speed of economic turnaround and ...
The suburb’s capital gain of 2.17% for the past year is lower than average compared to its 16.53% growth within a five-year period.
Also in MORNINGSIDE, the median home price is sitting at $822,500, and the average rent at $520, this suggests property owners could potentially earn a 3.29% increase in gross rental yield.
Property investors have seen a -0.3% drop in MORNINGSIDE 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 3.32% growth over a ten-year period. It ranks 2418th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||2.17%||3.08%|
|Median 3 years||5.45%||3.08%|
|Median 5 years||16.53%||-6.11%|
|10 years average annual||3.32%||0.55%|
|Weekly media advert. rent||$520||$430|
|Time on Market||36.3 days||59.1 days|
|Gross Rental Yield Percent||3.29%||4.77%|