Property investors see reduced competition from FHBers
Recent market conditions have meant first-home buyers have had to bow out of the property game, and are expected to return by the end of 201...
The suburb’s capital gain of 16.07% for the past year is higher than average compared to its 28.71% growth within a five-year period.
This figures put the ATC suburb in the ranks of the best performing suburbs in Australia in terms of capital gains.
Also in GOLDEN POINT, the median home price is sitting at $325,000, and the average rent at $280, this suggests property owners could potentially earn a 4.48% increase in gross rental yield.
Property investors have seen a 10.17% gain in GOLDEN POINT based on an increase in median home prices for the past three months.
They believe that homeowners and real estate investors betting on GOLDEN POINT, 3350 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 16.07%.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 5.11% growth over a ten-year period. It ranks 1545th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $325,000 | $287,500 |
| GROWTH REPORT | ||
| Median Quarterly | 10.17% | -5.27% |
| Median 12 month | 16.07% | 26.65% |
| Median 3 years | 19.27% | 17.95% |
| Median 5 years | 28.71% | 12.3% |
| 10 years average annual | 5.11% | 10.09% |
| Weekly media advert. rent | $280 | $270 |
| Time on Market | 52.0 days | 0.0 days |
| Gross Rental Yield Percent | 4.48% | 4.88% |
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