The suburb’s capital gain of -2% for the past year is lower than average compared to its 16.92% growth within a five-year period.
Also in PELICAN WATERS, the median home price is sitting at $660,000, and the average rent at $587.5, this suggests property owners could potentially earn a 4.63% increase in gross rental yield.
Property investors have seen a 0% 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 2.29% growth over a ten-year period. It ranks 2970th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-2%||-1.35%|
|Median 3 years||1.54%||5.22%|
|Median 5 years||16.92%||27.8%|
|10 years average annual||2.29%||1.2%|
|Weekly media advert. rent||$587.5||$387.5|
|Time on Market||75.6 days||98.4 days|
|Gross Rental Yield Percent||4.63%||4.26%|