The $8 billion tax cash splash and what it means for property values
Australians are cashing in on the federal government's tax cuts and handouts. Here's what it means for local markets. ...
A steady increase in median property prices over a five-year period in the suburb translates to a 5.13% capital gain.
Property investors in GARRAN enjoyed capital gains of 7.89% over the last 12 months translating to lower returns compared with its peers in the territory.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,025,000.
Profits due to an upward trend in home prices there averaged 1.71% per annum over a 3-year period.
Home owners selling their properties and realtors in GARRAN usually have to wait an average of 69.2 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $660 mark, reflecting a 3.35% increase in returns based on the current median price in GARRAN.
GARRAN, 2605 places 23rd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,025,000 | $585,000 |
| GROWTH REPORT | ||
| Median Quarterly | 4.06% | 0.52% |
| Median 12 month | 7.89% | 4.46% |
| Median 3 years | 5.13% | 2.09% |
| Median 5 years | 34.87% | 3.17% |
| 10 years average annual | 4.39% | 2.46% |
| Weekly media advert. rent | $660 | $550 |
| Time on Market | 69.2 days | 50.9 days |
| Gross Rental Yield Percent | 3.35% | 4.89% |
Australians are cashing in on the federal government's tax cuts and handouts. Here's what it means for local markets. ...
In response to the cash rate cut and adjustments from the banking regulator, there has been a spate of changes to the cost and serviceabilit...
NAB has undercut some of its competitors with changes to its mortgage serviceability terms, making it easier for buyers to secure finance fr...
Following four apartment buildings in Sydney becoming ghost towns, the Strata Community Association (NSW) has called for mass reforms to hel...
Most people like to think important financial decisions rely on a logical interpretation of facts and figures. But I believe one of the bigg...
Strong gains of up to 14 per cent in the rural property sector are set to slow as drought-affected lands bring the heat out of the market, a...
Get notifications in real-time for staying up to date with content that matters to you.