The suburb’s capital gain of 1.28% for the past year is higher than average compared to its 0.64% growth within a five-year period.
Also in MONS, the median home price is sitting at $790,000, and the average rent at $480, this suggests property owners could potentially earn a 3.16% increase in gross rental yield.
Property investors have seen a -1.86% drop in MONS based on a decrease 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 4.81% growth over a ten-year period. It ranks 1651st on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||1.28%||N/A|
|Median 3 years||10.18%||N/A|
|Median 5 years||0.64%||N/A|
|10 years average annual||4.81%||N/A|
|Weekly media advert. rent||$480||N/A|
|Time on Market||82.3 days||N/A|
|Gross Rental Yield Percent||3.16%||N/A|