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1 MIN READProperty News You Need To Know: The Week Ending 19 September
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BotanyBotany - SUBURB PROFILE REPORT
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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 Price | $1,667,500 | $845,000 |
| GROWTH REPORT | ||
| Median Quarterly | 4.22% | 1.65% |
| 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% |
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