
House Prices To Add Another 20% If Banks Don't Slam The Brakes
Chatter about the possible introduction of macro prudential controls to slow house price growth is increasing, while rep...
The suburb’s capital gain of 5.16% for the past year is lower than average compared to its 58.27% growth within a five-year period.
Also in COWES, the median home price is sitting at $550,000, and the average rent at $360, this suggests property owners could potentially earn a 3.4% increase in gross rental yield.
Property investors have seen a 3.68% 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 5.46% growth over a ten-year period. It ranks 1287th on our list of suburbs that property investors should look into.
KEY PROPERTY DATA REPORT | HOUSE | UNIT |
---|---|---|
Median Price | $550,000 | $399,000 |
GROWTH REPORT | ||
Median Quarterly | 3.68% | -4.32% |
Median 12 month | 5.16% | 2.31% |
Median 3 years | 37.5% | 18.93% |
Median 5 years | 58.27% | 22.67% |
10 years average annual | 5.46% | 3.3% |
Weekly media advert. rent | $360 | $300 |
Time on Market | 108.4 days | 86.6 days |
Gross Rental Yield Percent | 3.4% | 3.91% |