Migration cut plans set to impact property market
Top property industry bosses hold opposing views to the Prime Minister’s recently announced plan to reduce Australia’s migration intak...
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 Price | $68,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 3.03% | N/A |
| 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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