Figures from the previous quarter show that capital gains for real estate buyers in CANTERBURY are low, as opposed to average gains per annum over the past five years.
This number can mean, real estate investors could earn a rental income of $895 based on current median home prices for the suburb.
On average, rents on listings have reached the $895 mark, reflecting a 1.66% increase in returns based on the current median price in CANTERBURY.
CANTERBURY, 3126 ranks 632nd in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 586th on the list of best yielding suburbs for rental properties in VIC, posting a 1.66% return.
Property investors have seen a -10.79% drop in CANTERBURY based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains CANTERBURY, 3126 saw average growth in the long term.
CANTERBURY, 3126 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 $778,750.
Profits due to an downward trend in home prices in CANTERBURY, 3126 averaged -4.53% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $470 based on current median home prices for the suburb.
The gross rental yield in CANTERBURY, 3126 is 3.14%.
An average of 2.08 real estate transactions take place per month in CANTERBURY which translates to 25 per annum.
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