Responsible lending leeway ‘put to the test’ by COVID-19
The COVID-19 crisis will bring to light the effectiveness of principles-based responsible lending guidance, according to ASIC chair James Sh...
Subscribe to our newsletter
A 2.54% increase in median property prices in MACQUARIE, 2614 has allowed this suburb to join the ranks of best performing suburbs in ACT, settling at number 46th.
A steady increase in median property prices over a five-year period in the suburb translates to a -0.79% 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 $687,000
The augmented property values in the suburb are trailing behind the territorial average of 4.16% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $520.
Home owners selling their properties and realtors in MACQUARIE usually have to wait an average of 39.7 days days before their assets are lifted off the market.
The ACT suburb ranks 62nd on the list of best yielding suburbs for rental properties in ACT, posting a 3.94% return.
It also places places 81st in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $687,000 | $412,500 |
| GROWTH REPORT | ||
| Median Quarterly | -3.24% | -1.08% |
| Median 12 month | 2.54% | 0.12% |
| Median 3 years | -0.79% | -13.34% |
| Median 5 years | 23.12% | -1.55% |
| 10 years average annual | 3.72% | 0.69% |
| Weekly media advert. rent | $520 | $460 |
| Time on Market | 39.7 days | 74.2 days |
| Gross Rental Yield Percent | 3.94% | 5.8% |
The COVID-19 crisis will bring to light the effectiveness of principles-based responsible lending guidance, according to ASIC chair James Sh...
After several weeks of lockdown measures and the beginning of a gradual easing into a “new normal”, how will Sydney – one of Australia...
The week concluding 24 May has seen the highest preliminary auction clearance for the combined capital cities since early March. ...
A Perth tradesman has been fined after pleading guilty to carrying out work on a building project without adequate registration. ...
A radical plan to kickstart economic recovery post-COVID-19 could see Australians handed $50,000 for buying a new home. ...
In the race to reach the post-COVID recovery stage as quickly as possible, the necessity is to bring confidence back, writes Mathew Tiller. ...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
