How to navigate rent negotiations
NSW Fair Trading has clarified what landlords in the state can do should they find themselves in a position of negotiating a rental agreemen...
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The suburb’s capital gain of -6.35% for the past year is lower than average compared to its 26.1% growth within a five-year period.
Also in MURRUMBEENA, the median home price is sitting at $1,246,000, and the average rent at $575, this suggests property owners could potentially earn a 2.4% increase in gross rental yield.
Property investors have seen a 2.13% gain in MURRUMBEENA 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 5.64% growth over a ten-year period. It ranks 1374th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,246,000 | $562,500 |
| GROWTH REPORT | ||
| Median Quarterly | 2.13% | 2.46% |
| Median 12 month | -6.35% | -6.44% |
| Median 3 years | -3.78% | 2.74% |
| Median 5 years | 26.1% | 2.46% |
| 10 years average annual | 5.64% | 1.71% |
| Weekly media advert. rent | $575 | $370 |
| Time on Market | 81.0 days | 52.6 days |
| Gross Rental Yield Percent | 2.4% | 3.42% |
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