Demand For Homes Stays High In 1 State While The Rest Fall Back
Rising interest rates have eased demand from potential buyers, which has been reflected in the slowing of home price gro...
Property investors enjoyed capital gains of 36.62% over the last 12 months in THOMSON, 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 8.44% growth over a ten-year period. It ranks 630th on our list of suburbs that property investors should look into.
THOMSON, 3219 has a capital gain of 36.62% for the past year, which is higher than average compared to its 91.13% growth within a five-year period.
With the median home price in THOMSON sitting at $592,500, and the average rent at $370, property owners could potentially earn a 3.25% increase in gross rental yield.
A 36.62% increase in median property prices in THOMSON, 3219 has allowed this suburb to join the ranks of best performing suburbs in VIC, settling at number 47th.
Figures from the previous quarter show that capital gains for real estate buyers in THOMSON are low, as opposed to average gains per annum over the past five years.
THOMSON, 3219 in VIC belongs to the local government area of Greater Geelong (C).
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||36.62%||N/A|
|Median 3 years||44.16%||N/A|
|Median 5 years||91.13%||N/A|
|10 years average annual||8.44%||N/A|
|Weekly media advert. rent||$370||N/A|
|Time on Market||32.4 days||N/A|
|Gross Rental Yield Percent||3.25%||N/A|