Investors not ‘playing’ the game could miss out big
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The suburb’s capital gain of 5% for the past year is higher than average compared to its 12.18% growth within a five-year period.
Also in LONG GULLY, the median home price is sitting at $262,500, and the average rent at $280, this suggests property owners could potentially earn a 5.55% increase in gross rental yield.
Property investors have seen a 0.96% gain in LONG GULLY based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 5% growth over a ten-year period. It ranks 1576th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $262,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0.96% | N/A |
| Median 12 month | 5% | N/A |
| Median 3 years | 5% | N/A |
| Median 5 years | 12.18% | N/A |
| 10 years average annual | 5% | N/A |
| Weekly media advert. rent | $280 | N/A |
| Time on Market | 84.0 days | N/A |
| Gross Rental Yield Percent | 5.55% | N/A |
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