The suburb’s capital gain of -2.25% for the past year is lower than average compared to its 5.85% growth within a five-year period.
Also in INNES PARK, the median home price is sitting at $380,000, and the average rent at $325, this suggests property owners could potentially earn a 4.45% increase in gross rental yield.
Property investors have seen a -4.28% drop in INNES PARK 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 2.19% growth over a ten-year period. It ranks 3047th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-2.25%||N/A|
|Median 3 years||10.63%||N/A|
|Median 5 years||5.85%||N/A|
|10 years average annual||2.19%||N/A|
|Weekly media advert. rent||$325||N/A|
|Time on Market||107.6 days||N/A|
|Gross Rental Yield Percent||4.45%||N/A|