Unit rentals break 15-year record
Unit rental yields have had their biggest drop in more than 15 years, with COVID-19 seeing landlords reduce rates, according to latest resea...
A survey of average capital gains or median home price increase in suburbs across the country shows that the WA suburb obtained a -2.98% decrease over a ten-year period. It ranks 3863rd on our list of suburbs that property investors should look into.
GERALDTON, 6530 has a capital gain of 0% for the past year, which is higher than average compared to its -25.71% growth within a five-year period.
With the median home price in GERALDTON sitting at $260,000, and the average rent at $280, property owners could potentially earn a 5.6% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in GERALDTON are high, as opposed to average gains per annum over the past five years.
GERALDTON, 6530 in WA belongs to the local government area of Greater Geraldton (C).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $260,000 | $225,000 |
| GROWTH REPORT | ||
| Median Quarterly | -1.89% | -40.79% |
| Median 12 month | 0% | -46.93% |
| Median 3 years | -10.34% | N/A |
| Median 5 years | -25.71% | -25.62% |
| 10 years average annual | -2.98% | 35.42% |
| Weekly media advert. rent | $280 | $200 |
| Time on Market | 111.0 days | 109.4 days |
| Gross Rental Yield Percent | 5.6% | 4.62% |
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