Negative gearing changes off the table as Morrison holds government
Scott Morrison and the Liberal Party have held government, meaning major cuts to negative gearing and capital gains tax are off the table. ...
KIRRIBILLI, 2061 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Investors saw the median home price rise to $2,890,000.
KIRRIBILLI now ranks at the 15th 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 KIRRIBILLI are high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $1100 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 KIRRIBILLI, homes and units usually stay on listing for an average of 0.0 days.
In 2016, 11 properties were sold in KIRRIBILLI during the past year, making it the 1446th most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $2,890,000 | $1,288,500 |
| GROWTH REPORT | ||
| Median Quarterly | 24.03% | -8.94% |
| Median 12 month | N/A | 7.2% |
| Median 3 years | N/A | 5.61% |
| Median 5 years | 77.03% | 60.06% |
| 10 years average annual | 18.19% | 8.97% |
| Weekly media advert. rent | $1100 | $660 |
| Time on Market | 0.0 days | 38.3 days |
| Gross Rental Yield Percent | 1.98% | 2.66% |
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