Falling loan deferrals prove market recovery: REIA
The reduction in loan deferral defies doom and gloom forecasts in the property market, the Real Estate Industry of Australia has said. ...
DEAKIN, 2600 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in ACT have risen as a whole, pulling DEAKIN, 2600 values up and netting property investors a capital gain of 3.1% for the past year.
Investors saw the median home price rise to $1,330,000.
Profits due to an upward trend in home prices in the suburb averaged 5.56% per annum over a 3-year period.
DEAKIN now ranks at the 75th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in DEAKIN are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $670 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In DEAKIN, homes and units usually stay on listing for an average of 97.9 days.
In 2016, 50 properties were sold in DEAKIN during the past year, making it the 35th most active market in ACT based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,330,000 | $692,500 |
| GROWTH REPORT | ||
| Median Quarterly | -2.39% | -23.9% |
| Median 12 month | 3.1% | N/A |
| Median 3 years | 16.67% | -16.57% |
| Median 5 years | 38.9% | -12.06% |
| 10 years average annual | 5.31% | -1.24% |
| Weekly media advert. rent | $670 | $595 |
| Time on Market | 97.9 days | 0.0 days |
| Gross Rental Yield Percent | 2.62% | 4.47% |
The reduction in loan deferral defies doom and gloom forecasts in the property market, the Real Estate Industry of Australia has said. ...
Experts have warned that the NSW government’s proposed $25,000 new property tax system might drive up house prices. ...
The residential vacancy rate across Perth declined slightly in October, coinciding with a drop in new investment financing. ...
Scheduled auction volumes are expected to surge above 2,000 for the first time since April, CoreLogic has found. ...
Doom and gloom headlines filled the news as soon as COVID-19 outbreak began, and Australia ultimately headed to its first recession in over ...
In this episode of Investing Insights with Right Property Group, Steve Waters, Victor Kumar and Phil Tarrant discuss buying in the GFC, prop...
Get notifications in real-time for staying up to date with content that matters to you.
