House Prices To Add Another 20% If Banks Don’t Slam The Brakes
Chatter about the possible introduction of macro-prudential controls to slow house price growth is increasing, while rep...
The suburb’s capital gain of 5.15% for the past year is higher than average compared to its -25.52% growth within a five-year period.
Also in CANNINGTON, the median home price is sitting at $357,500, and the average rent at $350, this suggests property owners could potentially earn a 5.09% increase in gross rental yield.
Property investors have seen a 0.14% 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 3749th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||5.15%||-10.45%|
|Median 3 years||-10.63%||-20.14%|
|Median 5 years||-25.52%||-28.71%|
|10 years average annual||-0.57%||-2.51%|
|Weekly media advert. rent||$350||$330|
|Time on Market||53.8 days||79.7 days|
|Gross Rental Yield Percent||5.09%||5.81%|