House Prices Push Average Australian’s Wealth Even Higher In 2022
Despite worries of a housing downturn, Australians’ wealth actually increased 1.2 per cent on average in the first qua...
Property investors enjoyed capital gains of 30.84% over the last 12 months in AVOCA, 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 9.97% growth over a ten-year period. It ranks 15th on our list of suburbs that property investors should look into.
AVOCA, 3467 has a capital gain of 30.84% for the past year, which is higher than average compared to its 97.18% growth within a five-year period.
With the median home price in AVOCA sitting at $350,000, and the average rent at $215, property owners could potentially earn a 3.19% increase in gross rental yield.
A 30.84% increase in median property prices in AVOCA, 3467 has allowed this suburb to join the ranks of best performing suburbs in VIC, settling at number 86th.
Figures from the previous quarter show that capital gains for real estate buyers in AVOCA are low, as opposed to average gains per annum over the past five years.
AVOCA, 3467 in VIC belongs to the local government area of Pyrenees (S).
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||30.84%||N/A|
|Median 3 years||59.09%||N/A|
|Median 5 years||97.18%||N/A|
|10 years average annual||9.97%||N/A|
|Weekly media advert. rent||$215||N/A|
|Time on Market||41.5 days||N/A|
|Gross Rental Yield Percent||3.19%||N/A|