Hot Property: The biggest stories this week
Melbourne’s reopening has been met with plenty of property fanfare: Here are the biggest property stories from this week. ...
The suburb’s capital gain of 4.2% for the past year is higher than average compared to its 5.87% growth within a five-year period.
Also in KEARNEYS SPRING, the median home price is sitting at $397,000, and the average rent at $377.5, this suggests property owners could potentially earn a 4.94% increase in gross rental yield.
Property investors have seen a 1.28% gain in KEARNEYS SPRING 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 2.47% growth over a ten-year period. It ranks 2600th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $397,000 | $273,500 |
| GROWTH REPORT | ||
| Median Quarterly | 1.28% | -3.87% |
| Median 12 month | 4.2% | -5.69% |
| Median 3 years | 3.45% | 0.37% |
| Median 5 years | 5.87% | -10.33% |
| 10 years average annual | 2.47% | 1.1% |
| Weekly media advert. rent | $377.5 | $290 |
| Time on Market | 67.8 days | 98.1 days |
| Gross Rental Yield Percent | 4.94% | 5.51% |
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