Property investors have seen a 5% gain in GOWANBRAE based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on GOWANBRAE, 3043 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 22.06%.
Based on its average 5-year and quarterly capital gains GOWANBRAE, 3043 saw average growth in the long term.
The VIC suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $830,000
Profits averaged 16.97% per annum over a 3-year period, due to an upward trend in home prices in GOWANBRAE, 3043.
This means, real estate investors could earn a rental income of $460 based on current median home prices for the suburb.
The gross rental yield in GOWANBRAE, 3043 is 2.88%.
An average of 1.92 real estate transactions take place per month in GOWANBRAE which translates to 23 per annum.
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