The Sydney suburbs tipped to bounce back first
If investors want to capitalise on market conditions in Sydney, they may want to consider watching these key markets and their surrounding s...
Property investors enjoyed capital gains of 6.53% over the last 12 months in IRYMPLE, translating to lower returns compared with its peers in VIC.
Figures from the previous quarter show that capital gains for real estate buyers in IRYMPLE are high, as opposed to average gains per annum over the past five years.
The suburb posted a 15.67% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $355 based on current median home prices for the suburb.
On average, rents on listings have reached the $355 mark, reflecting a 5.95% increase in returns based on the current median price in IRYMPLE.
IRYMPLE, 3498 ranks 286th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 36th on the list of best yielding suburbs for rental properties in VIC, posting a 5.95% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $310,000 | $191,500 |
| GROWTH REPORT | ||
| Median Quarterly | 6.9% | -1.29% |
| Median 12 month | 6.53% | N/A |
| Median 3 years | 15.67% | N/A |
| Median 5 years | 23.26% | 17.85% |
| 10 years average annual | 4.44% | N/A |
| Weekly media advert. rent | $355 | $250 |
| Time on Market | 53.1 days | 0.0 days |
| Gross Rental Yield Percent | 5.95% | 6.79% |
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