NSW to ban holiday rental guests ‘from hell’
A mandatory code of conduct governing short-term holiday rentals in NSW will be rolled out from 18 December. ...
LEICHHARDT, 2040 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in NSW have risen as a whole, pulling LEICHHARDT, 2040 values up and netting property investors a capital gain of 22.58% for the past year.
Investors saw the median home price rise to $1,541,500.
Profits due to an upward trend in home prices in the suburb averaged 0.03% per annum over a 3-year period.
LEICHHARDT now ranks at the 513th 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 LEICHHARDT 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 $740 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 LEICHHARDT, homes and units usually stay on listing for an average of 47.4 days.
In 2016, 195 properties were sold in LEICHHARDT during the past year, making it the 900th most active market in NSW based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||22.58%||19.5%|
|Median 3 years||0.1%||16.71%|
|Median 5 years||28.46%||29.42%|
|10 years average annual||7.48%||6.64%|
|Weekly media advert. rent||$740||$525|
|Time on Market||47.4 days||38.5 days|
|Gross Rental Yield Percent||2.5%||2.74%|
Australian mortgage delinquency rates will continue to increase over the next year due to the ongoing economic fallout from the COVID-19 out...
As restrictions begin to ease, the Brisbane property market has begun to work its way towards recovery, with the rental market showing the f...
South Australia’s property market continues to climb in September, with residential property sales up 27.5 per cent from the same time las...
New research has found that Australians increasingly have their sight set on buying property, with one in four looking to purchase now. ...
The COVID-19 pandemic has simply accelerated the tree change that had started prior to the health outbreak, a leading researcher has told Sm...