The suburb’s capital gain of 3.39% for the past year is higher than average compared to its 16.27% growth within a five-year period.
Also in PELICAN WATERS, the median home price is sitting at $686,000, and the average rent at $590, this suggests property owners could potentially earn a 4.47% increase in gross rental yield.
Property investors have seen a 2.73% gain in PELICAN WATERS 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 2.55% growth over a ten-year period. It ranks 2821st on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||3.39%||3.33%|
|Median 3 years||3.94%||9.01%|
|Median 5 years||16.27%||25.57%|
|10 years average annual||2.55%||1.64%|
|Weekly media advert. rent||$590||$400|
|Time on Market||75.9 days||118.0 days|
|Gross Rental Yield Percent||4.47%||4.19%|