Using your home equity to finance the purchase of an investment property
Did you know you can use the equity in your house to help finance the purchase of an investment property? ...
The suburb’s capital gain of 8.33% for the past year is higher than average compared to its 20.59% growth within a five-year period.
Also in GOWRIE, the median home price is sitting at $650,000, and the average rent at $540, this suggests property owners could potentially earn a 4.32% increase in gross rental yield.
Property investors have seen a 2.77% gain in GOWRIE based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 3.45% growth over a ten-year period. It ranks 2168th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $650,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2.77% | N/A |
| Median 12 month | 8.33% | N/A |
| Median 3 years | 14.04% | N/A |
| Median 5 years | 20.59% | N/A |
| 10 years average annual | 3.45% | N/A |
| Weekly media advert. rent | $540 | N/A |
| Time on Market | 34.8 days | N/A |
| Gross Rental Yield Percent | 4.32% | N/A |
Did you know you can use the equity in your house to help finance the purchase of an investment property? ...
Borrowers are paying less on their loan repayment across more than half of all suburbs compared with if they rented in the same suburb, an ...
COVID-19 and its social and economic fallout have had serious ramifications for many landlords, agents, tenants and insurance providers. Be...
National research by RateMyAgent has revealed that national vendor sale price happiness increased by 4 per cent from Q2 to Q3 2020. Where ar...
The most recent week, ending 22 November, recorded a 70.3 per cent clearance rate from a total of 1,791 auctions held – the highest number...
New research from Westpac revealed that the number of first home buyers looking to enter the market has more than doubled since 2019, provin...
Get notifications in real-time for staying up to date with content that matters to you.
