Responsible lending leeway ‘put to the test’ by COVID-19
The COVID-19 crisis will bring to light the effectiveness of principles-based responsible lending guidance, according to ASIC chair James Sh...
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Property investors have seen a 12.64% gain in WAVERLEY based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains WAVERLEY, 2024 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 $2,450,000
Profits averaged 0.87% per annum over a 3-year period, due to an upward trend in home prices in WAVERLEY, 2024.
This means, real estate investors could earn a rental income of $1201.5 based on current median home prices for the suburb.
The gross rental yield in WAVERLEY, 2024 is 2.55%.
An average of 1.92 real estate transactions take place per month in WAVERLEY which translates to 23 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $2,450,000 | $490,000 |
| GROWTH REPORT | ||
| Median Quarterly | 12.64% | -1.01% |
| Median 12 month | 2.73% | -39.69% |
| Median 3 years | 2.62% | -44.32% |
| Median 5 years | 44.12% | -17.51% |
| 10 years average annual | 7.53% | 0.99% |
| Weekly media advert. rent | $1201.5 | $650 |
| Time on Market | 0.0 days | 74.1 days |
| Gross Rental Yield Percent | 2.55% | 6.9% |
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