Popular lenders issue spate of rate cuts
Facing the prospect of an official rate cut soon, the major banks have been cutting their home loan rates out of cycle. Which of the popular...
Property investors in SYDNEY enjoyed capital gains of 0.73% 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 18.29% 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 $795 based on current median home prices for the suburb.
Average weekly rents on listings have reached the $795 mark, reflecting a 4.28% increase in returns based on the current median price in SYDNEY.
SYDNEY, 2000 ranks 245th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
SYDNEY ranks 198th on the list of best yielding suburbs for rental properties in NSW, posting a 4.28% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | N/A | $967,000 |
| GROWTH REPORT | ||
| Median Quarterly | N/A | 1.79% |
| Median 12 month | N/A | 0.73% |
| Median 3 years | N/A | 18.29% |
| Median 5 years | N/A | 41.58% |
| 10 years average annual | N/A | 8.07% |
| Weekly media advert. rent | N/A | $795 |
| Time on Market | N/A | 73.3 days |
| Gross Rental Yield Percent | N/A | 4.28% |
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