The suburb’s capital gain of 3.35% for the past year is lower than average compared to its 33% growth within a five-year period.
Also in BROADVIEW, the median home price is sitting at $540,000, and the average rent at $380, this suggests property owners could potentially earn a 3.66% increase in gross rental yield.
Property investors have seen a 0% 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 5.11% growth over a ten-year period. It ranks 1516th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||3.35%||-2.12%|
|Median 3 years||20%||4.19%|
|Median 5 years||33%||6.78%|
|10 years average annual||5.11%||3.94%|
|Weekly media advert. rent||$380||$300|
|Time on Market||61.8 days||83.9 days|
|Gross Rental Yield Percent||3.66%||4.83%|