New WA rules give greater power to tenants
New rules in Western Australia have allowed tenants to secure their furniture to the walls of their rental home to create a child-safe envir...
Property investors in SYDNEY enjoyed capital gains of 4.35% over the last 12 months translating to lower returns compared with its peers in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in SYDNEY are low, as opposed to average gains per annum over the past five years.
SYDNEY posted a 24.38% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
Real estate investors could earn a rental income of $780 based on current median home prices for the suburb.
Average weekly rents on listings have reached the $780 mark, reflecting a 4.08% increase in returns based on the current median price in SYDNEY.
SYDNEY, 2000 ranks 86th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
SYDNEY ranks 263rd on the list of best yielding suburbs for rental properties in NSW, posting a 4.08% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | N/A | $995,000 |
| GROWTH REPORT | ||
| Median Quarterly | N/A | 3.11% |
| Median 12 month | N/A | 4.35% |
| Median 3 years | N/A | 24.38% |
| Median 5 years | N/A | 24.38% |
| 10 years average annual | N/A | 7.65% |
| Weekly media advert. rent | N/A | $780 |
| Time on Market | N/A | 109.3 days |
| Gross Rental Yield Percent | N/A | 4.08% |
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