Housing to become more affordable next year: expert
Housing affordability will continue to improve moderately over the next 12 months because of low mortgage interest rates and lower housing p...
The suburb’s capital gain of 2.18% for the past year is higher than average compared to its 1.12% growth within a five-year period.
Also in AUGUSTINE HEIGHTS, the median home price is sitting at $516,000, and the average rent at $405, this suggests property owners could potentially earn a 4.08% increase in gross rental yield.
Property investors have seen a 4.24% gain in AUGUSTINE HEIGHTS 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 -0.4% decrease over a ten-year period. It ranks 4154th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $516,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 4.24% | N/A |
| Median 12 month | 2.18% | N/A |
| Median 3 years | -2.64% | N/A |
| Median 5 years | 1.12% | N/A |
| 10 years average annual | -0.4% | N/A |
| Weekly media advert. rent | $405 | N/A |
| Time on Market | 80.6 days | N/A |
| Gross Rental Yield Percent | 4.08% | N/A |
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