The suburb’s capital gain of 4.26% for the past year is lower than average compared to its 22.5% growth within a five-year period.
Also in SIPPY DOWNS, the median home price is sitting at $490,000, and the average rent at $470, this suggests property owners could potentially earn a 4.99% increase in gross rental yield.
Property investors have seen a 2.08% 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 2.44% growth over a ten-year period. It ranks 2908th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||4.26%||-0.28%|
|Median 3 years||13.95%||56.48%|
|Median 5 years||22.5%||20.97%|
|10 years average annual||2.44%||5.06%|
|Weekly media advert. rent||$470||$345|
|Time on Market||41.5 days||54.3 days|
|Gross Rental Yield Percent||4.99%||4.98%|