REIA backs HomeBuilder package
The Real Estate Institute of Australia has thrown its support behind the federal government’s new housing stimulus package. ...
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The suburb’s capital gain of -2.1% for the past year is higher than average compared to its -22.22% growth within a five-year period.
Also in CANNINGTON, the median home price is sitting at $350,000, and the average rent at $360, this suggests property owners could potentially earn a 5.35% increase in gross rental yield.
Property investors have seen a 2.94% 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 -0.57% decrease over a ten-year period. It ranks 3317th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $350,000 | $327,000 |
| GROWTH REPORT | ||
| Median Quarterly | 2.94% | -0.91% |
| Median 12 month | -2.1% | -0.91% |
| Median 3 years | -18.6% | -7.89% |
| Median 5 years | -22.22% | -17.63% |
| 10 years average annual | -0.57% | -1.39% |
| Weekly media advert. rent | $360 | $330 |
| Time on Market | 88.6 days | 119.2 days |
| Gross Rental Yield Percent | 5.35% | 5.25% |
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