Double-digit price growth to stick around as ‘property boom’ arrives
According to leading indicators, Australia’s property boom officially began in November, following several slow months on the back of the ...
Figures from the previous quarter show that capital gains for real estate buyers in MILLERS POINT are high, as opposed to average gains per annum over the past five years.
This number can mean, real estate investors could earn a rental income of $922.5 based on current median home prices for the suburb.
On average, rents on listings have reached the $922.5 mark, reflecting a 0% increase in returns based on the current median price in MILLERS POINT.
While it ranks 1214th on the list of best yielding suburbs for rental properties in NSW, posting a 0% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $137,500 | $1,990,000 |
| GROWTH REPORT | ||
| Median Quarterly | 10% | -6.35% |
| Median 12 month | N/A | -6.9% |
| Median 3 years | -93.25% | 54.56% |
| Median 5 years | -94.03% | 47.41% |
| 10 years average annual | 4.66% | 11.68% |
| Weekly media advert. rent | $922.5 | $915 |
| Time on Market | 0.0 days | 83.0 days |
| Gross Rental Yield Percent | N/A | 2.39% |
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