How Will The Budget Impact The Housing Market?
While the 2021 budget included a number of measures relevant to property investors, an expert has questioned whether any...
Property investors enjoyed capital gains of 5.9% over the last 12 months in ANNANDALE, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 5.88% growth over a ten-year period. It ranks 952nd on our list of suburbs that property investors should look into.
ANNANDALE, 2038 has a capital gain of 5.9% for the past year, which is higher than average compared to its 21.79% growth within a five-year period.
With the median home price in ANNANDALE sitting at $1,705,000, and the average rent at $800, property owners could potentially earn a 2.44% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in ANNANDALE are low, as opposed to average gains per annum over the past five years.
ANNANDALE, 2038 in NSW belongs to the local government area of Inner West (A).
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||5.9%||-26.66%|
|Median 3 years||-0.29%||22.81%|
|Median 5 years||21.79%||12.54%|
|10 years average annual||5.88%||7.47%|
|Weekly media advert. rent||$800||$442.5|
|Time on Market||62.9 days||52.0 days|
|Gross Rental Yield Percent||2.44%||2.74%|