The 'nitty gritty' of property economics catching out property investors
One buyers agent is "constantly amazed" by the ongoing misconceptions in property investment about the underlying economics which dictate wh...
Based on its average 5-year and quarterly capital gains DROUIN, 3818 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that DROUIN, 3818 obtained a 7.28% growth over a ten-year period. It ranks 894th on our list of suburbs that property investors should look into.
DROUIN, 3818 in VIC belongs to the local government area of Baw Baw (S).
DROUIN, 3818 has a capital gain of 16.88% for the past year, which is higher than average compared to its 50% growth within a five-year period.
With the median home price in DROUIN sitting at $450,000, and the average rent at $360, property owners could potentially earn a 4.16% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in DROUIN are low, as opposed to average gains per annum over the past five years.
A 16.88% increase in median property prices in DROUIN, 3818 has allowed this suburb to join the ranks of best performing suburbs in VIC, settling at number 82nd.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $450,000 | $321,950 |
| GROWTH REPORT | ||
| Median Quarterly | 1.69% | 0.94% |
| Median 12 month | 16.88% | 22.65% |
| Median 3 years | 40.63% | 33.04% |
| Median 5 years | 50% | 37% |
| 10 years average annual | 7.28% | 5.5% |
| Weekly media advert. rent | $360 | $285 |
| Time on Market | 38.9 days | 35.5 days |
| Gross Rental Yield Percent | 4.16% | 4.6% |
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