Property to regain momentum following health crisis
Strong property price growth before the outbreak of COVID-19 gives investors a snapshot of what market conditions will be like once the pand...
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Based on its average 5-year and quarterly capital gains CAULFIELD NORTH, 3161 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that CAULFIELD NORTH, 3161 obtained a 6.09% growth over a ten-year period. It ranks 1152nd on our list of suburbs that property investors should look into.
CAULFIELD NORTH, 3161 in VIC belongs to the local government area of Glen Eira (C).
CAULFIELD NORTH, 3161 has a capital gain of 14.37% for the past year, which is higher than average compared to its 37.32% growth within a five-year period.
With the median home price in CAULFIELD NORTH sitting at $1,950,000, and the average rent at $785, property owners could potentially earn a 2.09% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in CAULFIELD NORTH are high, as opposed to average gains per annum over the past five years.
A 14.37% increase in median property prices in CAULFIELD NORTH, 3161 has allowed this suburb to join the ranks of best performing suburbs in VIC, settling at number 56th.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,950,000 | $577,500 |
| GROWTH REPORT | ||
| Median Quarterly | 8.33% | -3.75% |
| Median 12 month | 14.37% | -6.85% |
| Median 3 years | -10.34% | 7.14% |
| Median 5 years | 37.32% | 6.4% |
| 10 years average annual | 6.09% | 2.07% |
| Weekly media advert. rent | $785 | $475 |
| Time on Market | 85.8 days | 64.1 days |
| Gross Rental Yield Percent | 2.09% | 4.28% |
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