Competition from FHBs not expected until late 2019
First-home buyers are expected to return to the market by the end of 2019, meaning property investors could have less-than-expected competit...
Property investors enjoyed capital gains of 7.82% over the last 12 months in WAURN PONDS, translating to lower returns compared with its peers in VIC.
A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 4.69% growth over a ten-year period. It ranks 1663rd on our list of suburbs that property investors should look into.
WAURN PONDS, 3216 has a capital gain of 7.82% for the past year, which is higher than average compared to its 24.18% growth within a five-year period.
With the median home price in WAURN PONDS sitting at $565,000, and the average rent at $440, property owners could potentially earn a 4.05% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in WAURN PONDS are low, as opposed to average gains per annum over the past five years.
WAURN PONDS, 3216 in VIC belongs to the local government area of Greater Geelong.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||7.82%||N/A|
|Median 3 years||17.95%||N/A|
|Median 5 years||24.18%||N/A|
|10 years average annual||4.69%||N/A|
|Weekly media advert. rent||$440||N/A|
|Time on Market||42.3 days||N/A|
|Gross Rental Yield Percent||4.05%||N/A|
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