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 8.24% for the past year is higher than average compared to its 2.22% growth within a five-year period.
Also in CLIFTON, the median home price is sitting at $230,000, and the average rent at $250, this suggests property owners could potentially earn a 5.65% increase in gross rental yield.
Property investors have seen a 1.1% gain in CLIFTON 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 2.75% growth over a ten-year period. It ranks 2546th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $230,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 1.1% | N/A |
| Median 12 month | 8.24% | N/A |
| Median 3 years | 24.32% | N/A |
| Median 5 years | 2.22% | N/A |
| 10 years average annual | 2.75% | N/A |
| Weekly media advert. rent | $250 | N/A |
| Time on Market | 149.6 days | N/A |
| Gross Rental Yield Percent | 5.65% | N/A |
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