Investors cautioned as property developers on the ‘hit list’
Property investors who are getting creative with developments and their self-managed superannuation funds should be wary that the regulator...
The suburb’s capital gain of -3.73% for the past year is lower than average compared to its -6.72% growth within a five-year period.
Also in MULLALOO, the median home price is sitting at $645,000, and the average rent at $480, this suggests property owners could potentially earn a 3.87% increase in gross rental yield.
Property investors have seen a 0.78% gain in MULLALOO 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 0.48% growth over a ten-year period. It ranks 3808th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $645,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0.78% | N/A |
| Median 12 month | -3.73% | N/A |
| Median 3 years | -10.42% | N/A |
| Median 5 years | -6.72% | N/A |
| 10 years average annual | 0.48% | N/A |
| Weekly media advert. rent | $480 | N/A |
| Time on Market | 75.6 days | N/A |
| Gross Rental Yield Percent | 3.87% | N/A |
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