Auction ban drives up withdrawal rates
The number of owners withdrawing their property from auction soared to 40 per cent last week, following the introduction of a ban on auction...
A steady increase in median property prices over a five-year period in the suburb translates to a 15.24% capital gain.
It 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 $945,000
The augmented property values in the suburb are trailing behind the territorial average of 3.27% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $660.
Home owners selling their properties and realtors in HUGHES usually have to wait an average of 52.0 days days before their assets are lifted off the market.
The ACT suburb ranks 72nd on the list of best yielding suburbs for rental properties in ACT, posting a 3.63% return.
It also places places 62nd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $945,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -0.53% | N/A |
| Median 12 month | 0% | N/A |
| Median 3 years | 15.24% | N/A |
| Median 5 years | 28.14% | N/A |
| 10 years average annual | 5.65% | N/A |
| Weekly media advert. rent | $660 | N/A |
| Time on Market | 52.0 days | N/A |
| Gross Rental Yield Percent | 3.63% | N/A |
The number of owners withdrawing their property from auction soared to 40 per cent last week, following the introduction of a ban on auction...
As strata communities deal with a double dose of the coronavirus (COVID-19) pandemic impact, how can investors make sure to stay afloat in t...
Amid uncertainties brought about by the ongoing health crisis, rental property owners are advised to be more cautious to avoid significant l...
Property prices grew over the last quarter of 2019, the latest ABS data reveals, spurring a record-high improvement in household wealth. ...
States and territories will be placing a moratorium on evictions of persons as a result of financial distress very soon, but yesterday’s a...
La Trobe Financial has announced it anticipates a “strong and sharp” rebound for the housing market, as well as for employment condition...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
