The suburb’s capital gain of 6.3% for the past year is higher than average compared to its 16.55% growth within a five-year period.
Also in PARA HILLS, the median home price is sitting at $320,500, and the average rent at $320, this suggests property owners could potentially earn a 5.19% increase in gross rental yield.
Property investors have seen a 1.75% 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 3.54% growth over a ten-year period. It ranks 2328th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||6.3%||N/A|
|Median 3 years||12.46%||N/A|
|Median 5 years||16.55%||N/A|
|10 years average annual||3.54%||N/A|
|Weekly media advert. rent||$320||N/A|
|Time on Market||70.2 days||N/A|
|Gross Rental Yield Percent||5.19%||N/A|