Demand For Homes Stays High In 1 State While The Rest Fall Back
Rising interest rates have eased demand from potential buyers, which has been reflected in the slowing of home price gro...
Property investors have seen a 5.93% gain in COLLINGWOOD based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains COLLINGWOOD, 3066 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 $1,251,000
Profits averaged 11.7% per annum over a 3-year period, due to an upward trend in home prices in COLLINGWOOD, 3066.
This means, real estate investors could earn a rental income of $645 based on current median home prices for the suburb.
The gross rental yield in COLLINGWOOD, 3066 is 2.68%.
An average of 5.08 real estate transactions take place per month in COLLINGWOOD which translates to 61 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||8.78%||3.74%|
|Median 3 years||35.1%||18.67%|
|Median 5 years||52.89%||26.17%|
|10 years average annual||7.19%||2.34%|
|Weekly media advert. rent||$645||$460|
|Time on Market||72.4 days||73.1 days|
|Gross Rental Yield Percent||2.68%||3.52%|