4 Key Takeaways From The Treasurer
Property appears to be front and centre of the federal government’s economic agenda, so what can investors expect fro...
The suburb’s capital gain of -1.34% for the past year is lower than average compared to its 26.54% growth within a five-year period.
Also in ARMADALE, the median home price is sitting at $2,575,000, and the average rent at $775, this suggests property owners could potentially earn a 1.57% increase in gross rental yield.
Property investors have seen a 0.98% gain in ARMADALE 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 4.69% growth over a ten-year period. It ranks 2206th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-1.34%||6.43%|
|Median 3 years||35.74%||1.14%|
|Median 5 years||26.54%||4.2%|
|10 years average annual||4.69%||4.06%|
|Weekly media advert. rent||$775||$400|
|Time on Market||50.8 days||57.9 days|
|Gross Rental Yield Percent||1.57%||2.79%|