What does 2020 have in store for property investors
Following a year of two halves, 2020 could be a strong one for property investors if they look at the data, an industry expert has suggested...
The suburb’s capital gain of 1.96% for the past year is higher than average compared to its -7.14% growth within a five-year period.
Also in THE VINES, the median home price is sitting at $650,000, and the average rent at $500, this suggests property owners could potentially earn a 4% increase in gross rental yield.
Property investors have seen a 0% 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 2.48% growth over a ten-year period. It ranks 2689th 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 | 0% | N/A |
| Median 12 month | 1.96% | N/A |
| Median 3 years | -5.11% | N/A |
| Median 5 years | -7.14% | N/A |
| 10 years average annual | 2.48% | N/A |
| Weekly media advert. rent | $500 | N/A |
| Time on Market | 103.6 days | N/A |
| Gross Rental Yield Percent | 4% | N/A |
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