Property to regain momentum following health crisis
Strong property price growth before the outbreak of COVID-19 gives investors a snapshot of what market conditions will be like once the pand...
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The suburb’s capital gain of -1.03% for the past year is lower than average compared to its 8.78% growth within a five-year period.
Also in CANUNGRA, the median home price is sitting at $480,000, and the average rent at $470, this suggests property owners could potentially earn a 5.09% increase in gross rental yield.
Property investors have seen a 0% gain in CANUNGRA 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 1.99% growth over a ten-year period. It ranks 3044th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $480,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0% | N/A |
| Median 12 month | -1.03% | N/A |
| Median 3 years | 7.87% | N/A |
| Median 5 years | 8.78% | N/A |
| 10 years average annual | 1.99% | N/A |
| Weekly media advert. rent | $470 | N/A |
| Time on Market | 87.9 days | N/A |
| Gross Rental Yield Percent | 5.09% | N/A |
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