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Property investors have seen a -1.67% drop in URRBRAE based on a decrease 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 $796,500
Profits averaged -1.35% per annum over a 3-year period, due to an downward trend in home prices in URRBRAE, 5064.
This means, real estate investors could earn a rental income of $560 based on current median home prices for the suburb.
The gross rental yield in URRBRAE, 5064 is 3.66%.
An average of 1.75 real estate transactions take place per month in URRBRAE which translates to 21 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $796,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -1.67% | N/A |
| Median 12 month | -7.81% | N/A |
| Median 3 years | -4.04% | N/A |
| Median 5 years | 11.95% | N/A |
| 10 years average annual | 2.69% | N/A |
| Weekly media advert. rent | $560 | N/A |
| Time on Market | 92.9 days | N/A |
| Gross Rental Yield Percent | 3.66% | N/A |
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