Property management: You get what you pay for
Lately there have been some new ‘startups’ in the property management space that are trying to swing investors away from traditional pro...
A steady increase in median property prices over a five-year period in THE ROCKS, 2000 translates to a 38.16% capital gain.
THE ROCKS, 2000 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 $1,430,000.
Profits due to an upward trend in home prices in THE ROCKS, 2000 averaged 12.72% per annum over a 3-year period.
Home owners selling their properties and realtors in THE ROCKS usually have to wait an average of 0.0 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $975 mark, reflecting a 3.55% increase in returns based on the current median price in THE ROCKS.
THE ROCKS, 2000 places 490th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | N/A | $1,430,000 |
| GROWTH REPORT | ||
| Median Quarterly | N/A | -5.92% |
| Median 12 month | N/A | -30.24% |
| Median 3 years | N/A | 38.16% |
| Median 5 years | N/A | 35.22% |
| 10 years average annual | N/A | 6.71% |
| Weekly media advert. rent | N/A | $975 |
| Time on Market | N/A | 0.0 days |
| Gross Rental Yield Percent | N/A | 3.55% |
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