Government Extends Home Guarantee Scheme With 40,000 New Places
The dawn of the new financial year has brought with it an expansion of the Home Guarantee Scheme, with the Albanese gove...
The suburb’s capital gain of 21.58% for the past year is higher than average compared to its 92.39% growth within a five-year period.
Also in NORLANE, the median home price is sitting at $455,000, and the average rent at $305, this suggests property owners could potentially earn a 3.49% increase in gross rental yield.
Property investors have seen a 3.41% gain in NORLANE based on an increase in median home prices for the past three months.
They believe that homeowners and real estate investors betting on NORLANE, 3214 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 21.58%.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 8.73% growth over a ten-year period. It ranks 502nd on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||21.58%||14.93%|
|Median 3 years||27.99%||33.91%|
|Median 5 years||92.39%||70.73%|
|10 years average annual||8.73%||7.69%|
|Weekly media advert. rent||$305||$322.5|
|Time on Market||38.1 days||25.4 days|
|Gross Rental Yield Percent||3.49%||4.36%|