‘Wealth taxes’ in property prompt lobbying for new minister
A minister for property who cracks down on excessive and cumbersome “wealth” taxes should be considered by the federal government, acco...
The suburb’s capital gain of 9.11% for the past year is higher than average compared to its 41.5% growth within a five-year period.
Also in TEWANTIN, the median home price is sitting at $566,000, and the average rent at $482.5, this suggests property owners could potentially earn a 4.43% increase in gross rental yield.
Property investors have seen a 1.98% 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 2.66% growth over a ten-year period. It ranks 2640th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $566,000 | $364,000 |
| GROWTH REPORT | ||
| Median Quarterly | 1.98% | 4.15% |
| Median 12 month | 9.11% | 11.49% |
| Median 3 years | 24.4% | 29.08% |
| Median 5 years | 41.5% | 8.66% |
| 10 years average annual | 2.66% | 1.36% |
| Weekly media advert. rent | $482.5 | $395 |
| Time on Market | 60.0 days | 63.4 days |
| Gross Rental Yield Percent | 4.43% | 5.64% |
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