Housing market reached turning point mid-2019
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Property investors have seen a -0.17% drop in LATHAM based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains LATHAM, 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 $575,000
Profits averaged 6.19% per annum over a 3-year period, due to an upward trend in home prices in LATHAM, 2615.
This means, real estate investors could earn a rental income of $535 based on current median home prices for the suburb.
The gross rental yield in LATHAM, 2615 is 4.84%.
An average of 4.25 real estate transactions take place per month in LATHAM which translates to 51 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $575,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -0.17% | N/A |
| Median 12 month | 3.42% | N/A |
| Median 3 years | 18.56% | N/A |
| Median 5 years | 27.78% | N/A |
| 10 years average annual | 3.52% | N/A |
| Weekly media advert. rent | $535 | N/A |
| Time on Market | 38.6 days | N/A |
| Gross Rental Yield Percent | 4.84% | N/A |
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