Property investors have seen a -0.2% drop in EDMONTON based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains EDMONTON, 4869 saw average growth in the long term.
The QLD suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $349,800
Profits averaged -0.02% per annum over a 3-year period, due to an downward trend in home prices in EDMONTON, 4869.
This means, real estate investors could earn a rental income of $380 based on current median home prices for the suburb.
The gross rental yield in EDMONTON, 4869 is 5.65%.
An average of 11.33 real estate transactions take place per month in EDMONTON which translates to 136 per annum.
Property investments in EDMONTON did not fare well against the rest of the country last year, registering a median home price decrease of -17.78%.
Figures from the previous quarter show that capital gains for real estate buyers in EDMONTON are high, as opposed to average gains per annum over the past five years.
This means, real estate investors could earn a rental income of $240 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In EDMONTON, homes and units usually stay on listing for an average of 0.0 days.
the QLD suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $141,000
Investors saw the median home price rise to $141,000.
EDMONTON ranks 6th on the list of best yielding suburbs for rental properties in QLD, posting a 8.85% return.
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