The $8 billion tax cash splash and what it means for property values
Australians are cashing in on the federal government's tax cuts and handouts. Here's what it means for local markets. ...
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 $580,000.
The upward trend in home prices in WANNIASSA, 2903 averaged 4.58% per annum over a 3-year period.
Average weekly rents on listings have reached the $520 mark, reflecting a 4.66% increase in returns based on the current median price in WANNIASSA.
An average of 8.92 real estate transactions take place per month in WANNIASSA which translates to 107 per annum.
107 properties were sold in WANNIASSA in 2016, making it the 92nd most active market in ACT based on total real estate transactions.
WANNIASSA, 2903 places th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $580,000 | $422,500 |
| GROWTH REPORT | ||
| Median Quarterly | 0% | 7.64% |
| Median 12 month | -0.17% | 29.2% |
| Median 3 years | 13.73% | 5.1% |
| Median 5 years | 22.11% | 4.32% |
| 10 years average annual | 3.35% | 6.17% |
| Weekly media advert. rent | $520 | $400 |
| Time on Market | 41.1 days | 0.0 days |
| Gross Rental Yield Percent | 4.66% | 4.92% |
Australians are cashing in on the federal government's tax cuts and handouts. Here's what it means for local markets. ...
In response to the cash rate cut and adjustments from the banking regulator, there has been a spate of changes to the cost and serviceabilit...
NAB has undercut some of its competitors with changes to its mortgage serviceability terms, making it easier for buyers to secure finance fr...
Following four apartment buildings in Sydney becoming ghost towns, the Strata Community Association (NSW) has called for mass reforms to hel...
Most people like to think important financial decisions rely on a logical interpretation of facts and figures. But I believe one of the bigg...
Strong gains of up to 14 per cent in the rural property sector are set to slow as drought-affected lands bring the heat out of the market, a...
Get notifications in real-time for staying up to date with content that matters to you.