The suburb’s capital gain of 7.46% for the past year is lower than average compared to its 42.92% growth within a five-year period.
Also in MARDEN, the median home price is sitting at $698,500, and the average rent at $480, this suggests property owners could potentially earn a 3.57% increase in gross rental yield.
Property investors have seen a 7.46% gain in MARDEN based on an increase 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 4.83% growth over a ten-year period. It ranks 1630th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||7.46%||-6.49%|
|Median 3 years||23.63%||-5.64%|
|Median 5 years||42.92%||0.63%|
|10 years average annual||4.83%||4.47%|
|Weekly media advert. rent||$480||$299.5|
|Time on Market||75.1 days||99.0 days|
|Gross Rental Yield Percent||3.57%||4.91%|