487 Markets Join Million-dollar Property Club: CoreLogic
Australia’s property million-dollar club has continued to grow, as new research shows that more than one in five homes...
Based on its average 5-year and quarterly capital gains MAYFIELD, 7248 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that MAYFIELD, 7248 obtained a 8.98% growth over a ten-year period. It ranks 376th on our list of suburbs that property investors should look into.
MAYFIELD, 7248 in TAS belongs to the local government area of Launceston (C).
MAYFIELD, 7248 has a capital gain of 48.33% for the past year, which is higher than average compared to its 116.78% growth within a five-year period.
With the median home price in MAYFIELD sitting at $310,000, and the average rent at $350, property owners could potentially earn a 5.87% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in MAYFIELD are low, as opposed to average gains per annum over the past five years.
A 48.33% increase in median property prices in MAYFIELD, 7248 has allowed this suburb to join the ranks of best performing suburbs in TAS, settling at number 10th.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||48.33%||N/A|
|Median 3 years||69.86%||N/A|
|Median 5 years||116.78%||N/A|
|10 years average annual||8.98%||N/A|
|Weekly media advert. rent||$350||N/A|
|Time on Market||15.4 days||N/A|
|Gross Rental Yield Percent||5.87%||N/A|