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The suburb’s capital gain of 7.08% for the past year is higher than average compared to its 10.65% growth within a five-year period.
Also in PARA HILLS, the median home price is sitting at $331,950, and the average rent at $325, this suggests property owners could potentially earn a 5.09% increase in gross rental yield.
Property investors have seen a 4.55% gain in PARA HILLS 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 2% growth over a ten-year period. It ranks 2904th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||7.08%||-1.69%|
|Median 3 years||3.73%||N/A|
|Median 5 years||10.65%||N/A|
|10 years average annual||2%||0.95%|
|Weekly media advert. rent||$325||$270|
|Time on Market||67.8 days||0.0 days|
|Gross Rental Yield Percent||5.09%||6.44%|
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