‘Stable’ population growth to bolster building activity
Consistent population growth is set to support building activity going forward, according to an industry economist. ...
The suburb’s capital gain of 0.39% for the past year is higher than average compared to its -5.83% growth within a five-year period.
Also in THE VINES, the median home price is sitting at $637,500, and the average rent at $450, this suggests property owners could potentially earn a 3.67% increase in gross rental yield.
Property investors have seen a -0.39% drop in THE VINES based on a decrease 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 0.83% growth over a ten-year period. It ranks 3712th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $637,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -0.39% | N/A |
| Median 12 month | 0.39% | N/A |
| Median 3 years | -5.83% | N/A |
| Median 5 years | -5.83% | N/A |
| 10 years average annual | 0.83% | N/A |
| Weekly media advert. rent | $450 | N/A |
| Time on Market | 115.2 days | N/A |
| Gross Rental Yield Percent | 3.67% | N/A |
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