How a Hobart purchase set this investor up for a successful portfolio
A keen property investor has spoken out about how his purchase in the Hobart market kicked off the start of a successful portfolio. ...
Property investors have seen a 0.9% gain in BOTANY based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on BOTANY, 2019 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 13.7%.
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 $1,515,000
Profits averaged 1.47% 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 $785 based on current median home prices for the suburb.
The gross rental yield in BOTANY, 2019 is 2.69%.
An average of 5.67 real estate transactions take place per month in BOTANY which translates to 68 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,515,000 | $800,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0.9% | 2.04% |
| Median 12 month | 13.7% | 1.91% |
| Median 3 years | 4.41% | -2.07% |
| Median 5 years | 31.74% | 5.26% |
| 10 years average annual | 8.25% | 4.47% |
| Weekly media advert. rent | $785 | $597.5 |
| Time on Market | 89.9 days | 66.0 days |
| Gross Rental Yield Percent | 2.69% | 3.88% |
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