Government urged to provide stimulus for building sector
As the nation recovers from the COVID-19 pandemic, property professionals urge the federal government to provide a stimulus package for the ...
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Property investors have seen a -0.4% drop in WANDIN NORTH based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains WANDIN NORTH, 3139 saw average growth in the long term.
The VIC suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $627,500
Profits averaged 8.71% per annum over a 3-year period, due to an upward trend in home prices in WANDIN NORTH, 3139.
This means, real estate investors could earn a rental income of $400 based on current median home prices for the suburb.
The gross rental yield in WANDIN NORTH, 3139 is 3.31%.
An average of 2.33 real estate transactions take place per month in WANDIN NORTH which translates to 28 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $627,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -0.4% | N/A |
| Median 12 month | -6.34% | N/A |
| Median 3 years | 26.13% | N/A |
| Median 5 years | 43.26% | N/A |
| 10 years average annual | 6.66% | N/A |
| Weekly media advert. rent | $400 | N/A |
| Time on Market | 58.2 days | N/A |
| Gross Rental Yield Percent | 3.31% | N/A |
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