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1 MIN READHouse 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...
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TongalaTongala - SUBURB PROFILE REPORT
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The suburb’s capital gain of 32.35% for the past year is higher than average compared to its 75.61% growth within a five-year period.
This figures put the ATC suburb in the ranks of the best performing suburbs in Australia in terms of capital gains.
Also in TONGALA, the median home price is sitting at $315,000, and the average rent at $280, this suggests property owners could potentially earn a 4.62% increase in gross rental yield.
Property investors have seen a -3.08% drop in TONGALA based on a decrease in median home prices for the past three months.
They believe that homeowners and real estate investors betting on TONGALA, 3621 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 32.35%.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 8.44% growth over a ten-year period. It ranks 633rd on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $315,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -3.08% | N/A |
| Median 12 month | 32.35% | N/A |
| Median 3 years | 17.76% | N/A |
| Median 5 years | 75.61% | N/A |
| 10 years average annual | 8.44% | N/A |
| Weekly media advert. rent | $280 | N/A |
| Time on Market | 55.1 days | N/A |
| Gross Rental Yield Percent | 4.62% | N/A |
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