‘Great buying opportunities’ for careful investors looking at new-builds
Situations like Sydney’s Opal Tower fiasco have buyers cautious of the new-build market, but there are bargains to be had for those who ar...
The suburb’s capital gain of 3.95% for the past year is lower than average compared to its 61.22% growth within a five-year period.
Also in MIAMI, the median home price is sitting at $790,000, and the average rent at $600, this suggests property owners could potentially earn a 3.95% increase in gross rental yield.
Property investors have seen a 2.6% gain in MIAMI 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 4.47% growth over a ten-year period. It ranks 1743rd on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $790,000 | $495,000 |
| GROWTH REPORT | ||
| Median Quarterly | 2.6% | 1.02% |
| Median 12 month | 3.95% | 4.21% |
| Median 3 years | 30.58% | 31.82% |
| Median 5 years | 61.22% | 46.19% |
| 10 years average annual | 4.47% | 3.34% |
| Weekly media advert. rent | $600 | $450 |
| Time on Market | 56.1 days | 52.1 days |
| Gross Rental Yield Percent | 3.95% | 4.73% |
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