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The suburb’s capital gain of -3.16% for the past year is lower than average compared to its 23.32% growth within a five-year period.
Also in BLACK MOUNTAIN, the median home price is sitting at $690,000, and the average rent at $540, this suggests property owners could potentially earn a 4.07% increase in gross rental yield.
Property investors have seen a 5.91% gain in BLACK MOUNTAIN 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 2.9% growth over a ten-year period. It ranks 2651st on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-3.16%||N/A|
|Median 3 years||13.97%||N/A|
|Median 5 years||23.32%||N/A|
|10 years average annual||2.9%||N/A|
|Weekly media advert. rent||$540||N/A|
|Time on Market||90.0 days||N/A|
|Gross Rental Yield Percent||4.07%||N/A|