Investors cautioned as property developers on the ‘hit list’
Property investors who are getting creative with developments and their self-managed superannuation funds should be wary that the regulator...
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 $1000 based on current median home prices for the suburb.
On average, rents on listings have reached the $1000 mark, reflecting a 2.18% increase in returns based on the current median price in CANTERBURY.
CANTERBURY, 3126 ranks 692nd in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 582nd on the list of best yielding suburbs for rental properties in VIC, posting a 2.18% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $2,380,000 | $837,000 |
| GROWTH REPORT | ||
| Median Quarterly | -11.29% | 4.63% |
| Median 12 month | -21.99% | -8.11% |
| Median 3 years | -1.59% | -17.62% |
| Median 5 years | 24.93% | 21.39% |
| 10 years average annual | 4.7% | 6.07% |
| Weekly media advert. rent | $1000 | $480 |
| Time on Market | 53.9 days | 38.3 days |
| Gross Rental Yield Percent | 2.18% | 2.98% |
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