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 -16.55% for the past year is lower than average compared to its -9.42% growth within a five-year period.
Also in TOOWOOMBA CITY, the median home price is sitting at $310,000, and the average rent at $350, this suggests property owners could potentially earn a 5.87% increase in gross rental yield.
Property investors have seen a 3.33% gain in TOOWOOMBA CITY 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 2.6% growth over a ten-year period. It ranks 2532nd on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $310,000 | $285,850 |
| GROWTH REPORT | ||
| Median Quarterly | 3.33% | 16.27% |
| Median 12 month | -16.55% | 18.61% |
| Median 3 years | -20.51% | -7.04% |
| Median 5 years | -9.42% | 12.1% |
| 10 years average annual | 2.6% | 6.37% |
| Weekly media advert. rent | $350 | $235 |
| Time on Market | 84.8 days | 90.4 days |
| Gross Rental Yield Percent | 5.87% | 4.27% |
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A keen property investor has spoken out about how his purchase in the Hobart market kicked off the start of a successful portfolio. ...
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