KYABRAM, 3620 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in VIC have risen as a whole, pulling KYABRAM, 3620 values up and netting property investors a capital gain of 12.96% for the past year.
Investors saw the median home price rise to $510,000.
Profits due to an upward trend in home prices in the suburb averaged 6.2% per annum over a 3-year period.
KYABRAM now ranks at the th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in KYABRAM are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $480 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In KYABRAM, homes and units usually stay on listing for an average of 71.2 days.
In 2016, 125 properties were sold in KYABRAM during the past year, making it the 643rd most active market in VIC based on total real estate transactions.
KYABRAM ranks 167th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.
KYABRAM, 3620 has a capital gain of 23.34% for the past year, which is higher than average compared to its 72.88% growth within a five-year period.
KYABRAM, 3620 ranks 234th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 23.34% for property investors last year.
With the median home price in KYABRAM sitting at $417,500, and the average rent at $355, property owners could potentially earn a 4.42% increase in gross rental yield.
Property investors have seen a 10.23% gain in KYABRAM based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on KYABRAM, 3620 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 23.34%.
A survey of average capital gains or median home price increase in suburbs across the country shows that KYABRAM, 3620 obtained a 9.15% growth over a ten-year period. It ranks 126th on our list of suburbs that property investors should look into.