The biggest mistakes first-time investors can make
No matter if you are a first-time investor or a veteran in the market, there are some aspects of investing that are universal to all. Thatâ€...
Â
Â
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The 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 $597,500.
The upward trend in home prices in MELBA, 2615 averaged 6.03% per annum over a 3-year period.
Average weekly rents on listings have reached the $500 mark, reflecting a 4.35% increase in returns based on the current median price in MELBA.
An average of 5.33 real estate transactions take place per month in MELBA which translates to 64 per annum.
64 properties were sold in MELBA in 2016, making it the 20th most active market in ACT based on total real estate transactions.
MELBA, 2615 places 21st in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $597,500 | $397,500 |
| GROWTH REPORT | ||
| Median Quarterly | 4.37% | -19.7% |
| Median 12 month | 8.64% | -16.75% |
| Median 3 years | 18.08% | N/A |
| Median 5 years | 23.83% | N/A |
| 10 years average annual | 3.65% | -2.09% |
| Weekly media advert. rent | $500 | $430 |
| Time on Market | 72.5 days | 0.0 days |
| Gross Rental Yield Percent | 4.35% | 5.63% |
No matter if you are a first-time investor or a veteran in the market, there are some aspects of investing that are universal to all. Thatâ€...
With the federal election making way for a Liberal win, property investors saw proposals to negative gearing taken out of the equation for t...
Proposed changes by the prudential regulator would have a great impact for Western Australia’s property market and investors in the market...
Australians looking to move up the property ladder are being hindered by a population spending too long in the wrong-size homes. To have a m...
Nobody wants to be stressed out by juggling multiple commitments, particularly for property investors with properties that can stay with the...
Investor Arjun Paliwal was only 22 years old when he started building his property portfolio. Now at 26, he holds nine properties spread acr...
Get notifications in real-time for staying up to date with content that matters to you.