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 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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