Competition from FHBs not expected until late 2019
First-home buyers are expected to return to the market by the end of 2019, meaning property investors could have less-than-expected competit...
The suburb’s capital gain of 1.89% for the past year is lower than average compared to its 13.1% growth within a five-year period.
Also in RACEVIEW, the median home price is sitting at $323,000, and the average rent at $340, this suggests property owners could potentially earn a 5.47% increase in gross rental yield.
Property investors have seen a 1.1% gain in RACEVIEW 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 0.5% growth over a ten-year period. It ranks 3663rd on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $323,000 | $285,000 |
| GROWTH REPORT | ||
| Median Quarterly | 1.1% | -1.38% |
| Median 12 month | 1.89% | -1.38% |
| Median 3 years | 5.21% | 22.58% |
| Median 5 years | 13.1% | 20.76% |
| 10 years average annual | 0.5% | 0.89% |
| Weekly media advert. rent | $340 | $295 |
| Time on Market | 64.3 days | 144.1 days |
| Gross Rental Yield Percent | 5.47% | 5.38% |
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