Thousands of property investors set for tax audit
The Australian Taxation Office has announced that it is doubling the number of audits on “dodgy” rental deductions as the vast majority ...
Based on its average 5-year and quarterly capital gains MOUNT PLEASANT, 3350 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that MOUNT PLEASANT, 3350 obtained a 5.56% growth over a ten-year period. It ranks 1516th on our list of suburbs that property investors should look into.
MOUNT PLEASANT, 3350 in VIC belongs to the local government area of Ballarat (C).
MOUNT PLEASANT, 3350 has a capital gain of 19.58% for the past year, which is higher than average compared to its 20.23% growth within a five-year period.
With the median home price in MOUNT PLEASANT sitting at $347,500, and the average rent at $295, property owners could potentially earn a 4.41% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in MOUNT PLEASANT are high, as opposed to average gains per annum over the past five years.
A 19.58% increase in median property prices in MOUNT PLEASANT, 3350 has allowed this suburb to join the ranks of best performing suburbs in VIC, settling at number 64th.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $347,500 | $270,000 |
| GROWTH REPORT | ||
| Median Quarterly | 8.98% | 0.93% |
| Median 12 month | 19.58% | 2.66% |
| Median 3 years | 18.4% | N/A |
| Median 5 years | 20.23% | 8% |
| 10 years average annual | 5.56% | 2.66% |
| Weekly media advert. rent | $295 | $270 |
| Time on Market | 40.4 days | 0.0 days |
| Gross Rental Yield Percent | 4.41% | 5.2% |
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