The suburb’s capital gain of 8.05% for the past year is higher than average compared to its 24.39% growth within a five-year period.
Also in PALMWOODS, the median home price is sitting at $510,000, and the average rent at $450, this suggests property owners could potentially earn a 4.59% increase in gross rental yield.
Property investors have seen a 2% 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 2.81% growth over a ten-year period. It ranks 2772nd on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||8.05%||N/A|
|Median 3 years||17.24%||N/A|
|Median 5 years||24.39%||N/A|
|10 years average annual||2.81%||N/A|
|Weekly media advert. rent||$450||N/A|
|Time on Market||54.4 days||N/A|
|Gross Rental Yield Percent||4.59%||N/A|