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 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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