The suburb’s capital gain of -8.21% for the past year is lower than average compared to its 1.32% growth within a five-year period.
Also in THE VINES, the median home price is sitting at $615,000, and the average rent at $480, this suggests property owners could potentially earn a 4.06% 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 8.36% growth over a ten-year period. It ranks 446th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-8.21%||N/A|
|Median 3 years||-12.14%||N/A|
|Median 5 years||1.32%||N/A|
|10 years average annual||8.36%||N/A|
|Weekly media advert. rent||$480||N/A|
|Time on Market||143.1 days||N/A|
|Gross Rental Yield Percent||4.06%||N/A|