Property Market Update: Melbourne, July 2022
Melbourne continued its downward spiral in July, as the property values in the city recorded deeper declines during the ...
Property investments in HAYMARKET did not fare well against the rest of the country last year, registering a median home price decrease of 7.95%.
Figures from the previous quarter show that capital gains for real estate buyers in HAYMARKET are high, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains HAYMARKET, 2000 saw average growth in the long term.
This means, real estate investors could earn a rental income of $700 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In HAYMARKET, homes and units usually stay on listing for an average of 93.7 days.
the NSW 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 $950,000
Investors saw the median home price rise to $950,000.
HAYMARKET ranks 205th on the list of best yielding suburbs for rental properties in NSW, posting a 3.83% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||N/A||7.95%|
|Median 3 years||N/A||-17.75%|
|Median 5 years||N/A||-16.3%|
|10 years average annual||N/A||5.86%|
|Weekly media advert. rent||N/A||$700|
|Time on Market||N/A||93.7 days|
|Gross Rental Yield Percent||N/A||3.83%|