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 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%|