Big opportunities for property investors in 2019, expert tips
Labor’s negative gearing plans and softening house prices are creating a prime market for savvy investors, according to one expert. ...
MASCOT, 2020 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 $1,363,500.
Profits due to an upward trend in home prices in the suburb averaged 6.87% per annum over a 3-year period.
MASCOT now ranks at the 1085th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in MASCOT are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $750 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In MASCOT, homes and units usually stay on listing for an average of 66.9 days.
In 2016, 69 properties were sold in MASCOT during the past year, making it the 198th most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,363,500 | $860,000 |
| GROWTH REPORT | ||
| Median Quarterly | -3.64% | -7.53% |
| Median 12 month | -3.81% | -12.69% |
| Median 3 years | 20.61% | 1.18% |
| Median 5 years | 70.33% | 38.71% |
| 10 years average annual | 8.51% | 6.85% |
| Weekly media advert. rent | $750 | $660 |
| Time on Market | 66.9 days | 76.2 days |
| Gross Rental Yield Percent | 2.86% | 3.99% |
Labor’s negative gearing plans and softening house prices are creating a prime market for savvy investors, according to one expert. ...
Vacancy rates are starting to rise back after last month’s decline, new data shows. ...
Home values continued their continued decline over the last week, with the exception of one capital city holding steady, the latest data sho...
New housing supply will likely be impacted by a changing financing market for property investors, an industry boss predicts. ...
As most capital city property markets follow a downward trend, Queensland’s capital Brisbane continues to thrive through its strong local ...
New data from the ABS has highlighted the decline of the average new-home size, which is at its smallest level since 1996. ...