Seven Hills sees boost in investor interest
The Sydney-suburb of Seven Hills is gaining popularity, with more investors looking to take advantage of recent developments in the area. ...
The suburb’s capital gain of -8.98% for the past year is lower than average compared to its -31.88% growth within a five-year period.
Also in ARMADALE, the median home price is sitting at $218,000, and the average rent at $260, this suggests property owners could potentially earn a 6.2% increase in gross rental yield.
Property investors have seen a -0.91% drop in ARMADALE based on a decrease 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 -1.77% decrease over a ten-year period. It ranks 3922nd on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $218,000 | $163,250 |
| GROWTH REPORT | ||
| Median Quarterly | -0.91% | -10.06% |
| Median 12 month | -8.98% | -25.8% |
| Median 3 years | -27.57% | -32.68% |
| Median 5 years | -31.88% | -41.49% |
| 10 years average annual | -1.77% | -4.68% |
| Weekly media advert. rent | $260 | $245 |
| Time on Market | 102.4 days | 88.3 days |
| Gross Rental Yield Percent | 6.2% | 7.8% |
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