House price surge to cause ‘social and political problems’: ANZ
Rising house prices spurred on by low interest rates are “raising eyebrows” and could create “real social and political problems”, A...
The suburb’s capital gain of -3.57% for the past year is lower than average compared to its -6.25% growth within a five-year period.
Also in MULLALOO, the median home price is sitting at $675,000, and the average rent at $500, this suggests property owners could potentially earn a 3.85% increase in gross rental yield.
Property investors have seen a 0% 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 0.64% growth over a ten-year period. It ranks 3657th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $675,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0% | N/A |
| Median 12 month | -3.57% | N/A |
| Median 3 years | -1.92% | N/A |
| Median 5 years | -6.25% | N/A |
| 10 years average annual | 0.64% | N/A |
| Weekly media advert. rent | $500 | N/A |
| Time on Market | 53.4 days | N/A |
| Gross Rental Yield Percent | 3.85% | N/A |
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