COVID-19 pandemic may create a ‘two-speed rental market’
The COVID-19 pandemic may be leading to a “two-speed rental market”, with suburbs closer to the city likely to experience greater rental...
A 9.45% increase in median property prices in FISHER, 2611 has allowed this suburb to join the ranks of best performing suburbs in ACT, settling at number 10th.
A steady increase in median property prices over a five-year period in the suburb translates to a 9.45% 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 $695,000
The augmented property values in the suburb are trailing above the territorial average of 2.29% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $560.
Home owners selling their properties and realtors in FISHER usually have to wait an average of 62.1 days days before their assets are lifted off the market.
The ACT suburb ranks 36th on the list of best yielding suburbs for rental properties in ACT, posting a 4.19% return.
It also places places 29th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $695,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 1.46% | N/A |
| Median 12 month | 9.45% | N/A |
| Median 3 years | 9.45% | N/A |
| Median 5 years | 27.52% | N/A |
| 10 years average annual | 4.13% | N/A |
| Weekly media advert. rent | $560 | N/A |
| Time on Market | 62.1 days | N/A |
| Gross Rental Yield Percent | 4.19% | N/A |
The COVID-19 pandemic may be leading to a “two-speed rental market”, with suburbs closer to the city likely to experience greater rental...
The COVID-19 pandemic has seen an acceleration in the number of property managers leaving full-time employment at agencies to start their ow...
The major brokerage has reported a record increase in home loan pre-approvals across the first eight months of the year, with FHBs leading...
A Western Australian group has rebuked the state’s decision to extend the eviction moratorium to March 2021, calling for the government to...
The COVID-19 pandemic has seen a change in consumer preferences which could see the outer suburban areas be the big winner this spring selli...
One of Australia’s largest banks is forecasting strong growth in the housing market as low interest rates and availability of credit pushe...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
Copyright © 2020 Smart Property Investment