The suburb’s capital gain of 7.78% for the past year is higher than average compared to its 24.36% growth within a five-year period.
Also in BLACKMANS BAY, the median home price is sitting at $485,000, and the average rent at $420, this suggests property owners could potentially earn a 4.5% increase in gross rental yield.
Property investors have seen a 6.7% gain in BLACKMANS BAY 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 2.76% growth over a ten-year period. It ranks 2770th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||7.78%||-0.74%|
|Median 3 years||19.02%||4.69%|
|Median 5 years||24.36%||35.35%|
|10 years average annual||2.76%||3.86%|
|Weekly media advert. rent||$420||$322.5|
|Time on Market||47.7 days||55.8 days|
|Gross Rental Yield Percent||4.5%||5.01%|