The suburb’s capital gain of 3.35% for the past year is lower than average compared to its 19.2% growth within a five-year period.
Also in CHELTENHAM, the median home price is sitting at $447,000, and the average rent at $365, this suggests property owners could potentially earn a 4.25% increase in gross rental yield.
Property investors have seen a -0.67% drop in CHELTENHAM 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 5.05% growth over a ten-year period. It ranks 1566th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $447,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -0.67% | N/A |
| Median 12 month | 3.35% | N/A |
| Median 3 years | 1.94% | N/A |
| Median 5 years | 19.2% | N/A |
| 10 years average annual | 5.05% | N/A |
| Weekly media advert. rent | $365 | N/A |
| Time on Market | 79.7 days | N/A |
| Gross Rental Yield Percent | 4.25% | N/A |
There is a threshold for the land value...
Hi Ho Ping
Thank you for your comments....
You are perhaps one of the few comment...