The suburb’s capital gain of 7.25% for the past year is higher than average compared to its 24.7% growth within a five-year period.
Also in PALMWOODS, the median home price is sitting at $517,500, and the average rent at $440, this suggests property owners could potentially earn a 4.42% increase in gross rental yield.
Property investors have seen a 1.47% 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 2.59% growth over a ten-year period. It ranks 2839th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||7.25%||N/A|
|Median 3 years||16.55%||N/A|
|Median 5 years||24.7%||N/A|
|10 years average annual||2.59%||N/A|
|Weekly media advert. rent||$440||N/A|
|Time on Market||53.8 days||N/A|
|Gross Rental Yield Percent||4.42%||N/A|