How to avoid buying overvalued properties
As stock levels continue to remain low and first-time buyers rush the market, it is becoming increasingly difficult for property investors t...
The suburb’s capital gain of 5.09% for the past year is higher than average compared to its 17.45% growth within a five-year period.
Also in WYNYARD, the median home price is sitting at $299,500, and the average rent at $300, this suggests property owners could potentially earn a 5.21% increase in gross rental yield.
Property investors have seen a -0.99% drop in WYNYARD based on a decrease 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 2.47% growth over a ten-year period. It ranks 2702nd on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $299,500 | $233,500 |
| GROWTH REPORT | ||
| Median Quarterly | -0.99% | 6.99% |
| Median 12 month | 5.09% | 5.18% |
| Median 3 years | 27.45% | -8.43% |
| Median 5 years | 17.45% | 16.75% |
| 10 years average annual | 2.47% | 2.67% |
| Weekly media advert. rent | $300 | $250 |
| Time on Market | 77.5 days | 117.8 days |
| Gross Rental Yield Percent | 5.21% | 5.57% |
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