What does 2020 have in store for property investors
Following a year of two halves, 2020 could be a strong one for property investors if they look at the data, an industry expert has suggested...
The suburb’s capital gain of 0.38% for the past year is lower than average compared to its 57.34% growth within a five-year period.
Also in BONDI, the median home price is sitting at $2,630,000, and the average rent at $1295, this suggests property owners could potentially earn a 2.56% increase in gross rental yield.
Property investors have seen a 7.35% gain in BONDI based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 8.23% growth over a ten-year period. It ranks 179th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $2,630,000 | $1,085,000 |
| GROWTH REPORT | ||
| Median Quarterly | 7.35% | -2.91% |
| Median 12 month | 0.38% | -9.01% |
| Median 3 years | 13.36% | 12.9% |
| Median 5 years | 57.34% | 39.1% |
| 10 years average annual | 8.23% | 7.43% |
| Weekly media advert. rent | $1295 | $720 |
| Time on Market | 100.9 days | 59.1 days |
| Gross Rental Yield Percent | 2.56% | 3.45% |
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