Tenants get more power in NSW after new legislation passes
Amendments to current rental legislation aimed to give tenants more power have passed the NSW Parliament without any changes. What does thi...
Property investors have seen a -1.13% drop in BOTANY based on a decrease 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 $1,525,000
Profits averaged 9.03% 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 $805 based on current median home prices for the suburb.
The gross rental yield in BOTANY, 2019 is 2.74%.
An average of 6.33 real estate transactions take place per month in BOTANY which translates to 76 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,525,000 | $845,000 |
| GROWTH REPORT | ||
| Median Quarterly | -1.13% | 3.05% |
| Median 12 month | 5.14% | 2.58% |
| Median 3 years | 27.08% | 10.27% |
| Median 5 years | 74.49% | 38.52% |
| 10 years average annual | 9.06% | 6.19% |
| Weekly media advert. rent | $805 | $660 |
| Time on Market | 37.7 days | 58.6 days |
| Gross Rental Yield Percent | 2.74% | 4.06% |
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