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No matter if you are a first-time investor or a veteran in the market, there are some aspects of investing that are universal to all. Thatâ€...
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The suburb’s capital gain of 1.92% for the past year is higher than average compared to its -7.56% growth within a five-year period.
Also in CANNINGTON, the median home price is sitting at $397,500, and the average rent at $330, this suggests property owners could potentially earn a 4.32% increase in gross rental yield.
Property investors have seen a 1.92% gain in CANNINGTON 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 1.51% growth over a ten-year period. It ranks 3392nd on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $397,500 | $329,000 |
| GROWTH REPORT | ||
| Median Quarterly | 1.92% | 1.23% |
| Median 12 month | 1.92% | -11.08% |
| Median 3 years | -16.32% | -20.58% |
| Median 5 years | -7.56% | -18.26% |
| 10 years average annual | 1.51% | -0.04% |
| Weekly media advert. rent | $330 | $330 |
| Time on Market | 81.6 days | 121.6 days |
| Gross Rental Yield Percent | 4.32% | 5.22% |
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