How investors should react to mortgage possessions coming soon
Analysis of data by a major bank shows that mortgage possession is looming around the corner, according to one property commentator. ...
The suburb’s capital gain of -7.98% for the past year is lower than average compared to its 51.75% growth within a five-year period.
Also in BLACKBURN, the median home price is sitting at $1,297,500, and the average rent at $485, this suggests property owners could potentially earn a 1.94% increase in gross rental yield.
Property investors have seen a -3.75% 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 8.5% growth over a ten-year period. It ranks 291st on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,297,500 | $660,000 |
| GROWTH REPORT | ||
| Median Quarterly | -3.75% | -0.75% |
| Median 12 month | -7.98% | 3.13% |
| Median 3 years | 10.43% | 1.46% |
| Median 5 years | 51.75% | 32% |
| 10 years average annual | 8.5% | 4.76% |
| Weekly media advert. rent | $485 | $405 |
| Time on Market | 55.3 days | 65.3 days |
| Gross Rental Yield Percent | 1.94% | 3.17% |
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