The suburb’s capital gain of 0.65% for the past year is lower than average compared to its 13.38% growth within a five-year period.
Also in NAIRNE, the median home price is sitting at $385,500, and the average rent at $350, this suggests property owners could potentially earn a 4.72% increase in gross rental yield.
Property investors have seen a 0.78% gain in NAIRNE 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 4.64% growth over a ten-year period. It ranks 1760th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||0.65%||N/A|
|Median 3 years||4.19%||N/A|
|Median 5 years||13.38%||N/A|
|10 years average annual||4.64%||N/A|
|Weekly media advert. rent||$350||N/A|
|Time on Market||82.7 days||N/A|
|Gross Rental Yield Percent||4.72%||N/A|