How Will The Budget Impact The Housing Market?
While the 2021 budget included a number of measures relevant to property investors, an expert has questioned whether any...
The suburb’s capital gain of 6.15% for the past year is higher than average compared to its 11.76% growth within a five-year period.
Also in DARLINGHURST, the median home price is sitting at $1,900,000, and the average rent at $850, this suggests property owners could potentially earn a 2.33% increase in gross rental yield.
Property investors have seen a -5.12% drop in DARLINGHURST based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 8.4% growth over a ten-year period. It ranks 86th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||6.15%||-2.22%|
|Median 3 years||-9.31%||5.32%|
|Median 5 years||11.76%||18.56%|
|10 years average annual||8.4%||5.3%|
|Weekly media advert. rent||$850||$500|
|Time on Market||74.1 days||57.2 days|
|Gross Rental Yield Percent||2.33%||2.63%|