Property News You Need To Know: The Week Ending 19 September
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Property investors have seen a 4.22% 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 $1,667,500
Profits averaged 2.88% 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 $815 based on current median home prices for the suburb.
The gross rental yield in BOTANY, 2019 is 2.54%.
An average of 5.83 real estate transactions take place per month in BOTANY which translates to 70 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||7.58%||5.96%|
|Median 3 years||8.63%||5.63%|
|Median 5 years||23.52%||1.93%|
|10 years average annual||8.26%||3.92%|
|Weekly media advert. rent||$815||$550|
|Time on Market||54.0 days||54.8 days|
|Gross Rental Yield Percent||2.54%||3.38%|