487 Markets Join Million-dollar Property Club: CoreLogic
Australia’s property million-dollar club has continued to grow, as new research shows that more than one in five homes...
A steady increase in median property prices over a five-year period in the suburb translates to a 60% capital gain.
It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $180,000
The augmented property values in the suburb are trailing above the territorial average of 18.09% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $250.
Home owners selling their properties and realtors in WARRACKNABEAL usually have to wait an average of 63.2 days days before their assets are lifted off the market.
The VIC suburb ranks 3rd on the list of best yielding suburbs for rental properties in VIC, posting a 7.22% return.
It also places places 90th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||23.71%||N/A|
|Median 3 years||60%||N/A|
|Median 5 years||46.94%||N/A|
|10 years average annual||4.78%||N/A|
|Weekly media advert. rent||$250||N/A|
|Time on Market||63.2 days||N/A|
|Gross Rental Yield Percent||7.22%||N/A|