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The suburb’s capital gain of 5.26% for the past year is higher than average compared to its 1.56% growth within a five-year period.
Also in THE VINES, the median home price is sitting at $650,000, and the average rent at $440, this suggests property owners could potentially earn a 3.52% increase in gross rental yield.
Property investors have seen a 2.36% gain in THE VINES 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 1.27% growth over a ten-year period. It ranks 3439th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $650,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2.36% | N/A |
| Median 12 month | 5.26% | N/A |
| Median 3 years | -4.55% | N/A |
| Median 5 years | 1.56% | N/A |
| 10 years average annual | 1.27% | N/A |
| Weekly media advert. rent | $440 | N/A |
| Time on Market | 135.4 days | N/A |
| Gross Rental Yield Percent | 3.52% | N/A |
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