Government urged to provide stimulus for building sector
As the nation recovers from the COVID-19 pandemic, property professionals urge the federal government to provide a stimulus package for the ...
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Property investors have seen a 0% gain in BOTANY based on an increase 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 $1,500,000
Profits averaged 2.23% 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 $777.5 based on current median home prices for the suburb.
The gross rental yield in BOTANY, 2019 is 2.7%.
An average of 6.75 real estate transactions take place per month in BOTANY which translates to 81 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,500,000 | $784,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0% | 0.51% |
| Median 12 month | -1.32% | -2% |
| Median 3 years | 6.69% | -5.54% |
| Median 5 years | 39.21% | 10.58% |
| 10 years average annual | 8.46% | 4.41% |
| Weekly media advert. rent | $777.5 | $620 |
| Time on Market | 100.8 days | 80.1 days |
| Gross Rental Yield Percent | 2.7% | 4.11% |
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