Investors not ‘playing’ the game could miss out big
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The suburb’s capital gain of 1.15% for the past year is lower than average compared to its 6.15% growth within a five-year period.
Also in ELIZABETH GROVE, the median home price is sitting at $220,000, and the average rent at $260, this suggests property owners could potentially earn a 6.15% increase in gross rental yield.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 1.76% growth over a ten-year period. It ranks 3240th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $220,000 | $155,000 |
| GROWTH REPORT | ||
| Median Quarterly | N/A | N/A |
| Median 12 month | 1.15% | 3.33% |
| Median 3 years | 4.76% | 10.71% |
| Median 5 years | 6.15% | 4.73% |
| 10 years average annual | 1.76% | 0.64% |
| Weekly media advert. rent | $260 | $220 |
| Time on Market | 77.5 days | 96.5 days |
| Gross Rental Yield Percent | 6.15% | 7.38% |
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