Why buying under market value is not always a good idea
Most investors believe that sourcing a bargain property is like striking gold, but one expert explains why it could signal trouble. ...
The suburb’s capital gain of 11.9% for the past year is higher than average compared to its -5.62% growth within a five-year period.
Also in WEST ROCKHAMPTON, the median home price is sitting at $235,000, and the average rent at $310, this suggests property owners could potentially earn a 6.86% increase in gross rental yield.
Property investors have seen a -2.08% drop in WEST ROCKHAMPTON based on a decrease in median home prices for the past three months.
They believe that homeowners and real estate investors betting on WEST ROCKHAMPTON, 4700 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 11.9%.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a -0.68% decrease over a ten-year period. It ranks 4192nd on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $235,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -2.08% | N/A |
| Median 12 month | 11.9% | N/A |
| Median 3 years | 4.44% | N/A |
| Median 5 years | -5.62% | N/A |
| 10 years average annual | -0.68% | N/A |
| Weekly media advert. rent | $310 | N/A |
| Time on Market | 78.2 days | N/A |
| Gross Rental Yield Percent | 6.86% | N/A |
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