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Property investors have seen a -12.89% drop in GOWANBRAE based on a decrease in median home prices for the past three months.
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 weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $635,000
Profits averaged -4.97% per annum over a 3-year period, due to an downward 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 3.77%.
An average of 1.83 real estate transactions take place per month in GOWANBRAE which translates to 22 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-11.81%||N/A|
|Median 3 years||-14.91%||N/A|
|Median 5 years||14.41%||N/A|
|10 years average annual||2.54%||N/A|
|Weekly media advert. rent||$460||N/A|
|Time on Market||75.6 days||N/A|
|Gross Rental Yield Percent||3.77%||N/A|