The suburb’s capital gain of -10% for the past year is lower than average compared to its 1.55% growth within a five-year period.
Also in INNES PARK, the median home price is sitting at $360,000, and the average rent at $350, this suggests property owners could potentially earn a 5.06% increase in gross rental yield.
Property investors have seen a -4% 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 1.03% growth over a ten-year period. It ranks 3648th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-10%||N/A|
|Median 3 years||-6.49%||N/A|
|Median 5 years||1.55%||N/A|
|10 years average annual||1.03%||N/A|
|Weekly media advert. rent||$350||N/A|
|Time on Market||107.4 days||N/A|
|Gross Rental Yield Percent||5.06%||N/A|