The suburb’s capital gain of 8.51% for the past year is higher than average compared to its 15.38% growth within a five-year period.
Also in LONG GULLY, the median home price is sitting at $255,000, and the average rent at $275, this suggests property owners could potentially earn a 5.61% increase in gross rental yield.
Property investors have seen a 1.49% 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 4.21% growth over a ten-year period. It ranks 1931st on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||8.51%||N/A|
|Median 3 years||2%||N/A|
|Median 5 years||15.38%||N/A|
|10 years average annual||4.21%||N/A|
|Weekly media advert. rent||$275||N/A|
|Time on Market||105.1 days||N/A|
|Gross Rental Yield Percent||5.61%||N/A|