How Does An Economist View Labor’s Housing Plans?
Saturday’s (21 May) federal election brought with it a new government, with the Albanese-led Labor party winning power...
Property investments in WOOLLOOMOOLOO did not fare well against the rest of the country last year, registering a median home price decrease of -2.08%.
Figures from the previous quarter show that capital gains for real estate buyers in WOOLLOOMOOLOO are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains WOOLLOOMOOLOO, 2011 saw average growth in the long term.
This means, real estate investors could earn a rental income of $570 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In WOOLLOOMOOLOO, homes and units usually stay on listing for an average of 74.7 days.
the NSW suburb also 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 $1,175,000
Investors saw the median home price rise to $1,175,000.
WOOLLOOMOOLOO ranks 543rd on the list of best yielding suburbs for rental properties in NSW, posting a 2.52% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||N/A||-2.08%|
|Median 3 years||N/A||23.36%|
|Median 5 years||N/A||25%|
|10 years average annual||N/A||7.83%|
|Weekly media advert. rent||N/A||$570|
|Time on Market||N/A||74.7 days|
|Gross Rental Yield Percent||N/A||2.52%|