Government urged to provide stimulus for building sector
As the nation recovers from the COVID-19 pandemic, property professionals urge the federal government to provide a stimulus package for the ...
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The suburb’s capital gain of -11.54% for the past year is lower than average compared to its 20.78% growth within a five-year period.
Also in PAYNEHAM SOUTH, the median home price is sitting at $697,500, and the average rent at $452.5, this suggests property owners could potentially earn a 3.37% increase in gross rental yield.
Property investors have seen a 1.09% gain in PAYNEHAM SOUTH 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 4.84% growth over a ten-year period. It ranks 1675th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $697,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 1.09% | N/A |
| Median 12 month | -11.54% | N/A |
| Median 3 years | -5.87% | N/A |
| Median 5 years | 20.78% | N/A |
| 10 years average annual | 4.84% | N/A |
| Weekly media advert. rent | $452.5 | N/A |
| Time on Market | 49.5 days | N/A |
| Gross Rental Yield Percent | 3.37% | N/A |
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