Property investors could wear cost of changes to mortgage broker regulation
Experts fear that property investors will absorb the cost of changes to how mortgage brokers are paid and regulated, as both sides of govern...
Property investors enjoyed capital gains of 22.74% over the last 12 months in CANADA BAY, translating to lower returns compared with its peers in NSW.
Figures from the previous quarter show that capital gains for real estate buyers in CANADA BAY are low, as opposed to average gains per annum over the past five years.
The suburb posted a 21.65% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $735 based on current median home prices for the suburb.
On average, rents on listings have reached the $735 mark, reflecting a 2.25% increase in returns based on the current median price in CANADA BAY.
CANADA BAY, 2046 ranks 66th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 1094th on the list of best yielding suburbs for rental properties in NSW, posting a 2.25% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,700,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2.41% | N/A |
| Median 12 month | 22.74% | N/A |
| Median 3 years | 21.65% | N/A |
| Median 5 years | 83.78% | N/A |
| 10 years average annual | 11.53% | N/A |
| Weekly media advert. rent | $735 | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | 2.25% | N/A |
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