Why diversification is the key to success as a property investor
Diversification is being dubbed as one of the most important considerations to have as a property investor. Here’s how to ensure you’re ...
CHATSWOOD WEST, 2067 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 CHATSWOOD WEST, 2067 values up and netting property investors a capital gain of 24.28% for the past year.
Investors saw the median home price rise to $1,955,000.
Profits due to an upward trend in home prices in the suburb averaged 2.62% per annum over a 3-year period.
CHATSWOOD WEST now ranks at the 43rd 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 CHATSWOOD WEST 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 $915 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 CHATSWOOD WEST, homes and units usually stay on listing for an average of 0.0 days.
In 2016, 18 properties were sold in CHATSWOOD WEST during the past year, making it the 972nd most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,955,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 14.14% | N/A |
| Median 12 month | 24.28% | N/A |
| Median 3 years | 7.86% | N/A |
| Median 5 years | 30.29% | N/A |
| 10 years average annual | 7.62% | N/A |
| Weekly media advert. rent | $915 | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | 2.43% | N/A |
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