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...
A steady increase in median property prices over a five-year period in EASTLAKES, 2018 translates to a -7.01% capital gain.
Property investors enjoyed capital gains of 0.08% over the last 12 months in EASTLAKES, translating to lower returns compared with its peers in NSW.
EASTLAKES, 2018 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 $590,500.
Profits due to an downward trend in home prices in EASTLAKES, 2018 averaged -2.34% per annum over a 3-year period.
Home owners selling their properties and realtors in EASTLAKES usually have to wait an average of 49.1 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $400 mark, reflecting a 3.52% increase in returns based on the current median price in EASTLAKES.
EASTLAKES, 2018 places 338th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||N/A||0.08%|
|Median 3 years||N/A||-7.01%|
|Median 5 years||N/A||4.51%|
|10 years average annual||N/A||5%|
|Weekly media advert. rent||N/A||$400|
|Time on Market||N/A||49.1 days|
|Gross Rental Yield Percent||N/A||3.52%|