ATO to scrutinise short-term rentals this tax time
Investors with properties on short-term rental sites who didn’t see any income will be closely examined by the ATO this financial year, ac...
Property investors have seen a -2.47% drop in FRANKLIN based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains FRANKLIN, 2913 saw average growth in the long term.
The ACT suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $680,250
Profits averaged 2.99% per annum over a 3-year period, due to an upward trend in home prices in FRANKLIN, 2913.
This means, real estate investors could earn a rental income of $592.5 based on current median home prices for the suburb.
The gross rental yield in FRANKLIN, 2913 is 4.53%.
An average of 6 real estate transactions take place per month in FRANKLIN which translates to 72 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $680,250 | $380,000 |
| GROWTH REPORT | ||
| Median Quarterly | -2.47% | 0% |
| Median 12 month | -4.19% | 2.7% |
| Median 3 years | 8.97% | 4.12% |
| Median 5 years | 22.57% | 3.4% |
| 10 years average annual | 13.22% | 1.45% |
| Weekly media advert. rent | $592.5 | $420 |
| Time on Market | 46.8 days | 68.1 days |
| Gross Rental Yield Percent | 4.53% | 5.75% |
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