Popular lenders issue spate of rate cuts
Facing the prospect of an official rate cut soon, the major banks have been cutting their home loan rates out of cycle. Which of the popular...
BEROWRA, 2081 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 $1,130,000.
Profits due to an upward trend in home prices in the suburb averaged 8.87% per annum over a 3-year period.
BEROWRA now ranks at the 662nd 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 BEROWRA 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 $630 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 BEROWRA, homes and units usually stay on listing for an average of 78.9 days.
In 2016, 57 properties were sold in BEROWRA during the past year, making it the 316th most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,130,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -1.31% | N/A |
| Median 12 month | -2.16% | N/A |
| Median 3 years | 26.61% | N/A |
| Median 5 years | 61.89% | N/A |
| 10 years average annual | 8.38% | N/A |
| Weekly media advert. rent | $630 | N/A |
| Time on Market | 78.9 days | N/A |
| Gross Rental Yield Percent | 2.9% | N/A |
Facing the prospect of an official rate cut soon, the major banks have been cutting their home loan rates out of cycle. Which of the popular...
An update to the consumer price index for the March quarter saw it hold steady and not move at all – which means a May rate cut could be ...
One industry body has continued its calls to establish a dedicated property services commissioner and take away property powers from the NSW...
Fresh research has found that the system for determining infrastructure charges is “poor” and needs to be reworked. ...
Depending on who wins the May 2019 federal elections, property investors could be facing major changes in policies. Smart Property Investmen...
Negative gearing has long been popular as a tax minimisation strategy, allowing investors to offset losses incurred against their taxable in...