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The suburb’s capital gain of 5.33% for the past year is higher than average compared to its 26.45% growth within a five-year period.
Also in PALMWOODS, the median home price is sitting at $588,000, and the average rent at $480, this suggests property owners could potentially earn a 4.24% increase in gross rental yield.
Property investors have seen a 2.53% gain in PALMWOODS 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 2.49% growth over a ten-year period. It ranks 2851st on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||5.33%||N/A|
|Median 3 years||10.94%||N/A|
|Median 5 years||26.45%||N/A|
|10 years average annual||2.49%||N/A|
|Weekly media advert. rent||$480||N/A|
|Time on Market||64.1 days||N/A|
|Gross Rental Yield Percent||4.24%||N/A|