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. ...
Property investors have seen a 1.73% gain in CHARNWOOD based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on CHARNWOOD, 2615 can rest assured about this ACT suburb's performance. The suburb saw median home prices rise by 10.17%.
Based on its average 5-year and quarterly capital gains CHARNWOOD, 2615 saw average growth in the long term.
The ACT suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $498,500
Profits averaged 3.19% per annum over a 3-year period, due to an upward trend in home prices in CHARNWOOD, 2615.
This means, real estate investors could earn a rental income of $470 based on current median home prices for the suburb.
The gross rental yield in CHARNWOOD, 2615 is 4.9%.
An average of 4 real estate transactions take place per month in CHARNWOOD which translates to 48 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $498,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 1.73% | N/A |
| Median 12 month | 10.17% | N/A |
| Median 3 years | 9.56% | N/A |
| Median 5 years | 21.59% | N/A |
| 10 years average annual | 2.81% | N/A |
| Weekly media advert. rent | $470 | N/A |
| Time on Market | 54.3 days | N/A |
| Gross Rental Yield Percent | 4.9% | N/A |
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