Using your home equity to finance the purchase of an investment property
Did you know you can use the equity in your house to help finance the purchase of an investment property? ...
Based on its average 5-year and quarterly capital gains COBURG, 3058 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that COBURG, 3058 obtained a 5.71% growth over a ten-year period. It ranks 1121st on our list of suburbs that property investors should look into.
COBURG, 3058 in VIC belongs to the local government area of Moreland (C).
COBURG, 3058 has a capital gain of 16.69% for the past year, which is higher than average compared to its 41.83% growth within a five-year period.
With the median home price in COBURG sitting at $1,050,250, and the average rent at $540, property owners could potentially earn a 2.67% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in COBURG are low, as opposed to average gains per annum over the past five years.
A 16.69% increase in median property prices in COBURG, 3058 has allowed this suburb to join the ranks of best performing suburbs in VIC, settling at number 78th.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,050,250 | $548,000 |
| GROWTH REPORT | ||
| Median Quarterly | 2.46% | -5.66% |
| Median 12 month | 16.69% | 2.43% |
| Median 3 years | 12.27% | 16.6% |
| Median 5 years | 41.83% | 14.41% |
| 10 years average annual | 5.71% | 2.51% |
| Weekly media advert. rent | $540 | $413 |
| Time on Market | 66.3 days | 64.0 days |
| Gross Rental Yield Percent | 2.67% | 3.92% |
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