How Will The Budget Impact The Housing Market?
While the 2021 budget included a number of measures relevant to property investors, an expert has questioned whether any...
The suburb’s capital gain of 2.79% for the past year is higher than average compared to its 8.02% growth within a five-year period.
Also in KENSINGTON GARDENS, the median home price is sitting at $966,250, and the average rent at $495, this suggests property owners could potentially earn a 2.66% increase in gross rental yield.
Property investors have seen a -5.27% drop in KENSINGTON GARDENS 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 4.08% growth over a ten-year period. It ranks 1762nd on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||2.79%||-0.38%|
|Median 3 years||-19.48%||-1.85%|
|Median 5 years||8.02%||4.33%|
|10 years average annual||4.08%||0.77%|
|Weekly media advert. rent||$495||$350|
|Time on Market||91.1 days||47.8 days|
|Gross Rental Yield Percent||2.66%||4.58%|