Property investors see reduced competition from FHBers
Recent market conditions have meant first-home buyers have had to bow out of the property game, and are expected to return by the end of 201...
Property investors have seen a 3.03% gain in COOBER PEDY based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains COOBER PEDY, 5723 saw average growth in the long term.
The SA suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $68,000
Profits averaged -5% per annum over a 3-year period, due to an downward trend in home prices in COOBER PEDY, 5723.
This means, real estate investors could earn a rental income of $175 based on current median home prices for the suburb.
The gross rental yield in COOBER PEDY, 5723 is 13.38%.
An average of 2.17 real estate transactions take place per month in COOBER PEDY which translates to 26 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-32%||N/A|
|Median 3 years||-15%||N/A|
|Median 5 years||-34.91%||N/A|
|10 years average annual||3.45%||N/A|
|Weekly media advert. rent||$175||N/A|
|Time on Market||0.0 days||N/A|
|Gross Rental Yield Percent||13.38%||N/A|
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