Expert insight: How does population growth influence capital growth?
Does lack of population growth actually stunt the creation of wealth for property investors? ...
The suburb’s capital gain of 5.81% for the past year is lower than average compared to its 70.83% growth within a five-year period.
Also in PORTSEA, the median home price is sitting at $2,050,000, and the average rent at $625, this suggests property owners could potentially earn a 1.59% increase in gross rental yield.
Property investors have seen a 2.12% gain in PORTSEA 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 5.31% growth over a ten-year period. It ranks 1574th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $2,050,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2.12% | N/A |
| Median 12 month | 5.81% | N/A |
| Median 3 years | 13.89% | N/A |
| Median 5 years | 70.83% | N/A |
| 10 years average annual | 5.31% | N/A |
| Weekly media advert. rent | $625 | N/A |
| Time on Market | 86.9 days | N/A |
| Gross Rental Yield Percent | 1.59% | N/A |
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