The suburb’s capital gain of -24.09% for the past year is lower than average compared to its -29.73% growth within a five-year period.
Also in NULSEN, the median home price is sitting at $130,000, and the average rent at $235, this suggests property owners could potentially earn a 9.4% increase in gross rental yield.
Property investors have seen a -3.7% drop in NULSEN 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 -3.41% decrease over a ten-year period. It ranks 3913th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-24.09%||N/A|
|Median 3 years||-25.93%||N/A|
|Median 5 years||-29.73%||N/A|
|10 years average annual||-3.41%||N/A|
|Weekly media advert. rent||$235||N/A|
|Time on Market||0.0 days||N/A|
|Gross Rental Yield Percent||9.4%||N/A|