Investors not ‘playing’ the game could miss out big
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The suburb’s capital gain of 1.16% for the past year is lower than average compared to its 83.84% growth within a five-year period.
Also in BLACKBURN, the median home price is sitting at $1,399,000, and the average rent at $477.5, this suggests property owners could potentially earn a 1.77% increase in gross rental yield.
Property investors have seen a -0.78% drop in BLACKBURN based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 8.32% growth over a ten-year period. It ranks 261st on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,399,000 | $530,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.78% | -12.4% |
| Median 12 month | 1.16% | -16.21% |
| Median 3 years | 32.54% | -3.64% |
| Median 5 years | 83.84% | 9.84% |
| 10 years average annual | 8.32% | 2.66% |
| Weekly media advert. rent | $477.5 | $395 |
| Time on Market | 68.1 days | 71.0 days |
| Gross Rental Yield Percent | 1.77% | 3.88% |
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