Property market update: Melbourne, April 2020
Several weeks after lockdown measures have been passed due to the ongoing COVD-19 pandemic, how is the Melbourne property market faring in t...
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A survey of average capital gains or median home price increase in suburbs across the country shows that the SA suburb obtained a 1.57% growth over a ten-year period. It ranks 3224th on our list of suburbs that property investors should look into.
POORAKA, 5095 has a capital gain of -0.81% for the past year, which is lower than average compared to its 12.92% growth within a five-year period.
With the median home price in POORAKA sitting at $367,000, and the average rent at $345, property owners could potentially earn a 4.89% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in POORAKA are low, as opposed to average gains per annum over the past five years.
POORAKA, 5095 in SA belongs to the local government area of Salisbury (C).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $367,000 | $235,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0.27% | -1.36% |
| Median 12 month | -0.81% | N/A |
| Median 3 years | 5.61% | -11.32% |
| Median 5 years | 12.92% | -4.47% |
| 10 years average annual | 1.57% | 1.4% |
| Weekly media advert. rent | $345 | $290 |
| Time on Market | 58.4 days | 64.9 days |
| Gross Rental Yield Percent | 4.89% | 6.42% |
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