House prices see largest price drop for last 7 years
A property institute has claimed house prices have seen their largest drop since December 2011, giving buyers the opportunity to add to thei...
The suburb’s capital gain of -15.63% for the past year is lower than average compared to its 35.48% growth within a five-year period.
Also in BOKARINA, the median home price is sitting at $653,000, and the average rent at $545, this suggests property owners could potentially earn a 4.34% increase in gross rental yield.
Property investors have seen a -7.9% drop in BOKARINA based on a decrease 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 1.76% growth over a ten-year period. It ranks 3242nd on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $653,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -7.9% | N/A |
| Median 12 month | -15.63% | N/A |
| Median 3 years | 21.15% | N/A |
| Median 5 years | 35.48% | N/A |
| 10 years average annual | 1.76% | N/A |
| Weekly media advert. rent | $545 | N/A |
| Time on Market | 55.1 days | N/A |
| Gross Rental Yield Percent | 4.34% | N/A |
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