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The suburb’s capital gain of -10% for the past year is lower than average compared to its 9.57% growth within a five-year period.
Also in MARDEN, the median home price is sitting at $630,000, and the average rent at $440, this suggests property owners could potentially earn a 3.63% increase in gross rental yield.
Property investors have seen a -5.41% drop in MARDEN 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 1.28% growth over a ten-year period. It ranks 3446th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $630,000 | $405,000 |
| GROWTH REPORT | ||
| Median Quarterly | -5.41% | 1.5% |
| Median 12 month | -10% | 15.85% |
| Median 3 years | -9.81% | 22.73% |
| Median 5 years | 9.57% | 19.12% |
| 10 years average annual | 1.28% | 2.76% |
| Weekly media advert. rent | $440 | $330 |
| Time on Market | 53.5 days | 58.0 days |
| Gross Rental Yield Percent | 3.63% | 4.24% |
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