Investors not ‘playing’ the game could miss out big
While timing in the market is not as important as time in the market, it can still mean the difference between getting and missing out on a ...
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 7.78% growth over a ten-year period. It ranks 609th on our list of suburbs that property investors should look into.
PETERSHAM, 2049 has a capital gain of -10% for the past year, which is lower than average compared to its 72.59% growth within a five-year period.
With the median home price in PETERSHAM sitting at $1,467,000, and the average rent at $820, property owners could potentially earn a 2.91% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in PETERSHAM are low, as opposed to average gains per annum over the past five years.
PETERSHAM, 2049 in NSW belongs to the local government area of Marrickville.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,467,000 | $787,000 |
| GROWTH REPORT | ||
| Median Quarterly | 1.28% | 0.9% |
| Median 12 month | -10% | 10.85% |
| Median 3 years | 17.31% | 17.46% |
| Median 5 years | 72.59% | 46.28% |
| 10 years average annual | 7.78% | 8.38% |
| Weekly media advert. rent | $820 | $525 |
| Time on Market | 71.1 days | 42.0 days |
| Gross Rental Yield Percent | 2.91% | 3.47% |
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