Property investors have seen a 2.53% gain in URRBRAE based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains URRBRAE, 5064 saw average growth in the long term.
the SA suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $851,000
Profits averaged 9.39% per annum over a 3-year period, due to an upward trend in home prices in URRBRAE, 5064.
This means, real estate investors could earn a rental income of $500 based on current median home prices for the suburb.
The gross rental yield in URRBRAE, 5064 is 3.06%.
An average of 2.25 real estate transactions take place per month in URRBRAE which translates to 27 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $851,000 | $560,000 |
| GROWTH REPORT | ||
| Median Quarterly | 2.53% | N/A |
| Median 12 month | 2.28% | 4.67% |
| Median 3 years | 28.16% | N/A |
| Median 5 years | 12.45% | N/A |
| 10 years average annual | 3.19% | 9.61% |
| Weekly media advert. rent | $500 | N/A |
| Time on Market | 77.3 days | 0.0 days |
| Gross Rental Yield Percent | 3.06% | 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...