The suburb’s capital gain of -2.93% for the past year is lower than average compared to its 14.76% growth within a five-year period.
Also in KEARNEYS SPRING, the median home price is sitting at $381,000, and the average rent at $335, this suggests property owners could potentially earn a 4.57% increase in gross rental yield.
Property investors have seen a -1.04% drop in KEARNEYS SPRING based on a decrease 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 3.37% growth over a ten-year period. It ranks 2303rd on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-2.93%||-5.93%|
|Median 3 years||1.6%||-6.09%|
|Median 5 years||14.76%||8.93%|
|10 years average annual||3.37%||2.75%|
|Weekly media advert. rent||$335||$275|
|Time on Market||67.5 days||114.7 days|
|Gross Rental Yield Percent||4.57%||5.15%|