Property investors have seen a 5.03% 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 $1,523,000
Profits averaged 14.33% 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 $750 based on current median home prices for the suburb.
The gross rental yield in BOTANY, 2019 is 2.56%.
An average of 6.83 real estate transactions take place per month in BOTANY which translates to 82 per annum.
Property investments in BOTANY did not fare well against the rest of the country last year, registering a median home price decrease of 2.9%.
Figures from the previous quarter show that capital gains for real estate buyers in BOTANY are low, as opposed to average gains per annum over the past five years.
This means, real estate investors could earn a rental income of $650 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In BOTANY, homes and units usually stay on listing for an average of 59.4 days.
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 $842,500
Investors saw the median home price rise to $842,500.
BOTANY ranks 278th on the list of best yielding suburbs for rental properties in NSW, posting a 4.01% return.
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