Property investors have seen a -1.47% drop in CYGNET based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains CYGNET, 7112 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 $335,000
Profits averaged 3.28% per annum over a 3-year period, due to an upward trend in home prices in CYGNET, 7112.
This means, real estate investors could earn a rental income of $295 based on current median home prices for the suburb.
The gross rental yield in CYGNET, 7112 is 4.58%.
An average of 4.42 real estate transactions take place per month in CYGNET which translates to 53 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $335,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -1.47% | N/A |
| Median 12 month | 7.72% | N/A |
| Median 3 years | 9.84% | N/A |
| Median 5 years | 34% | N/A |
| 10 years average annual | 4.19% | N/A |
| Weekly media advert. rent | $295 | N/A |
| Time on Market | 119.6 days | N/A |
| Gross Rental Yield Percent | 4.58% | N/A |
There is a threshold for the land value...
Hi Ho Ping
Thank you for your comments....
You are perhaps one of the few comment...