The suburb’s capital gain of 3.23% for the past year is lower than average compared to its 20% growth within a five-year period.
Also in SIPPY DOWNS, the median home price is sitting at $480,000, and the average rent at $467.5, this suggests property owners could potentially earn a 5.06% increase in gross rental yield.
Property investors have seen a 1.05% gain in SIPPY DOWNS 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 2.6% growth over a ten-year period. It ranks 2876th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||3.23%||0.83%|
|Median 3 years||14.29%||56.42%|
|Median 5 years||20%||21.57%|
|10 years average annual||2.6%||5.08%|
|Weekly media advert. rent||$467.5||$340|
|Time on Market||47.7 days||57.0 days|
|Gross Rental Yield Percent||5.06%||4.87%|