Housing Market Intervention To Wipe Out Growth By 2023
A big four bank has conceded that its earlier property growth forecasts were overly cautious, while predicting that a t...
The suburb’s capital gain of 7.3% for the past year is higher than average compared to its 20.95% growth within a five-year period.
Also in BLACKBURN, the median home price is sitting at $1,455,000, and the average rent at $465, this suggests property owners could potentially earn a 1.66% increase in gross rental yield.
Property investors have seen a 3.34% gain in BLACKBURN based on an increase 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 6.15% growth over a ten-year period. It ranks 1544th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||7.3%||6.91%|
|Median 3 years||3.19%||-0.68%|
|Median 5 years||20.95%||13.69%|
|10 years average annual||6.15%||4.5%|
|Weekly media advert. rent||$465||$390|
|Time on Market||47.7 days||70.2 days|
|Gross Rental Yield Percent||1.66%||2.76%|