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 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|