The suburb’s capital gain of 5.86% for the past year is higher than average compared to its 6.78% growth within a five-year period.
Also in GEORGE TOWN, the median home price is sitting at $153,500, and the average rent at $210, this suggests property owners could potentially earn a 7.11% increase in gross rental yield.
Property investors have seen a 5.86% gain in GEORGE TOWN 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 0.2% growth over a ten-year period. It ranks 3868th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $153,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 5.86% | N/A |
| Median 12 month | 5.86% | N/A |
| Median 3 years | 22.8% | N/A |
| Median 5 years | 6.78% | N/A |
| 10 years average annual | 0.2% | N/A |
| Weekly media advert. rent | $210 | N/A |
| Time on Market | 94.9 days | N/A |
| Gross Rental Yield Percent | 7.11% | 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...