Demand For Homes Stays High In 1 State While The Rest Fall Back
Rising interest rates have eased demand from potential buyers, which has been reflected in the slowing of home price gro...
A survey of average capital gains or median home price increase in suburbs across the country shows that the SA suburb obtained a 6.12% growth over a ten-year period. It ranks 1892nd on our list of suburbs that property investors should look into.
WESTBOURNE PARK, 5041 has a capital gain of -2.61% for the past year, which is lower than average compared to its 37.42% growth within a five-year period.
With the median home price in WESTBOURNE PARK sitting at $1,120,000, and the average rent at $550, property owners could potentially earn a 2.55% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in WESTBOURNE PARK are high, as opposed to average gains per annum over the past five years.
WESTBOURNE PARK, 5041 in SA belongs to the local government area of Mitcham (C).
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-2.61%||N/A|
|Median 3 years||18.52%||-4.54%|
|Median 5 years||37.42%||-3.53%|
|10 years average annual||6.12%||3.41%|
|Weekly media advert. rent||$550||$310|
|Time on Market||0.0 days||93.4 days|
|Gross Rental Yield Percent||2.55%||5.62%|