The suburb’s capital gain of 8.21% for the past year is higher than average compared to its 17.54% growth within a five-year period.
Also in COWES, the median home price is sitting at $413,750, and the average rent at $310, this suggests property owners could potentially earn a 3.9% increase in gross rental yield.
Property investors have seen a 2.8% gain in COWES 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 3.91% growth over a ten-year period. It ranks 2015th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||8.21%||5.31%|
|Median 3 years||17.54%||7.38%|
|Median 5 years||17.54%||18.31%|
|10 years average annual||3.91%||1.02%|
|Weekly media advert. rent||$310||$262.5|
|Time on Market||103.1 days||91.8 days|
|Gross Rental Yield Percent||3.9%||3.91%|