With a capital gain of 9.41% for the last 12 months, Gowanbrae, 3043 has performed for property investments than its average annual 7.21% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Gowanbrae has increased when compared to the 5 year average annual rate.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.99% offered to property buyers. Sellers in Gowanbrae itself are offering an average vendor discount of -7.48% to real estate investors.
A $417.5 per week rent on the median house gives suburb investors a gross yield of circa 3.61%, without taking into account capital value appreciation, which has been averaging out at 7.21%.