Investors cautioned as property developers on the ‘hit list’
Property investors who are getting creative with developments and their self-managed superannuation funds should be wary that the regulator...
Property investors have seen a -1.65% drop in BOTANY based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains BOTANY, 2019 saw average growth in the long term.
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 $1,490,000
Profits averaged 6.4% per annum over a 3-year period, due to an upward trend in home prices in BOTANY, 2019.
This means, real estate investors could earn a rental income of $830 based on current median home prices for the suburb.
The gross rental yield in BOTANY, 2019 is 2.9%.
An average of 8.33 real estate transactions take place per month in BOTANY which translates to 100 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,490,000 | $835,000 |
| GROWTH REPORT | ||
| Median Quarterly | -1.65% | 0% |
| Median 12 month | -5.7% | 3.09% |
| Median 3 years | 19.2% | 5.03% |
| Median 5 years | 70.29% | 37.2% |
| 10 years average annual | 9.03% | 5.92% |
| Weekly media advert. rent | $830 | $650 |
| Time on Market | 42.7 days | 60.4 days |
| Gross Rental Yield Percent | 2.9% | 4.05% |
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