How to avoid buying overvalued properties
As stock levels continue to remain low and first-time buyers rush the market, it is becoming increasingly difficult for property investors t...
Property investors have seen a 4.08% gain in BRIGHTON based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains BRIGHTON, 7030 saw average growth in the long term.
The TAS 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 $370,000
Profits averaged 8.47% per annum over a 3-year period, due to an upward trend in home prices in BRIGHTON, 7030.
This means, real estate investors could earn a rental income of $410 based on current median home prices for the suburb.
The gross rental yield in BRIGHTON, 7030 is 5.76%.
An average of 4.92 real estate transactions take place per month in BRIGHTON which translates to 59 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $370,000 | $285,000 |
| GROWTH REPORT | ||
| Median Quarterly | 4.08% | 1.79% |
| Median 12 month | 8.82% | 14% |
| Median 3 years | 25.42% | 34.43% |
| Median 5 years | 27.81% | 31.94% |
| 10 years average annual | 3.11% | 3.56% |
| Weekly media advert. rent | $410 | $340 |
| Time on Market | 35.3 days | 49.7 days |
| Gross Rental Yield Percent | 5.76% | 6.2% |
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