Melbourne makes comeback with auction resurgence
The December quarter saw auction volumes rise in combined capital city markets, with the bulk of the uplift attributed to Melbourne. ...
The suburb’s capital gain of 8.55% for the past year is higher than average compared to its 36.56% growth within a five-year period.
Also in TEWANTIN, the median home price is sitting at $635,000, and the average rent at $500, this suggests property owners could potentially earn a 4.09% increase in gross rental yield.
Property investors have seen a 4.96% gain in TEWANTIN 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 3.66% growth over a ten-year period. It ranks 2164th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $635,000 | $377,000 |
| GROWTH REPORT | ||
| Median Quarterly | 4.96% | 0.53% |
| Median 12 month | 8.55% | -3.33% |
| Median 3 years | 17.59% | 7.87% |
| Median 5 years | 36.56% | 27.8% |
| 10 years average annual | 3.66% | 3.55% |
| Weekly media advert. rent | $500 | $365 |
| Time on Market | 81.6 days | 79.8 days |
| Gross Rental Yield Percent | 4.09% | 5.03% |
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