The suburb’s capital gain of 3.4% for the past year is lower than average compared to its 29.22% growth within a five-year period.
Also in BROADVIEW, the median home price is sitting at $536,250, and the average rent at $375, this suggests property owners could potentially earn a 3.64% increase in gross rental yield.
Property investors have seen a 0.7% gain in BROADVIEW 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 5.86% growth over a ten-year period. It ranks 1256th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||3.4%||-3.25%|
|Median 3 years||19.17%||8.13%|
|Median 5 years||29.22%||10.33%|
|10 years average annual||5.86%||4.32%|
|Weekly media advert. rent||$375||$300|
|Time on Market||66.1 days||89.4 days|
|Gross Rental Yield Percent||3.64%||4.99%|