Giving property investors a a stable capital gain of 2.79% for the last year, Brahma Lodge, 5109 is the 1223th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Brahma Lodge,5109 has racked up an average of 2.79% over the period. This ranks it number 2826th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Brahma Lodge is $276500, with sellers offering an average of -6.78% off the asking price.
With the median price for a house in Brahma Lodge being $276500 and the advertised rent reaching $310 the gross rental yield for property investors calculates out to be 5.83%
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House supply is down in low-priced suburb
Median house price: $266,000
Stock on market: -32.3%
12-month growth: -3.6%
The suburb of Brahma Lodge, named for the trotting horse stud that was once located in the area, recorded a sharp drop in housing stock over the past 12 months leading up to November 2017.
Prices in this suburb fell by 3.6% in the same period following a consistent stretch of positive growth over the most recent five-year period, although the November 2017 quarter indicated some recovery through a 0.2% increase in values. The median house price comes in at just $266,000, making Brahma Lodge highly affordable. The average yield is quite high at 5.8%.
The suburb’s centre is home to Brahma Lodge Primary School. After school, kids can head to Cockburn Green or Brahma Lodge Oval for recreation. The Salisbury town centre is also only a short distance away.