Millennials aren’t all that interested in property investing
Millennials aren’t all that interested in building a property portfolio, according to new research. ...
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 $1,050,000.
Profits due to an upward trend in home prices in the suburb averaged 1.67% per annum over a 3-year period.
BEROWRA now ranks at the 941st 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 $640 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 68.9 days.
In 2016, 56 properties were sold in BEROWRA during the past year, making it the 300th most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,050,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -0.94% | N/A |
| Median 12 month | -5.19% | N/A |
| Median 3 years | 5% | N/A |
| Median 5 years | 27.12% | N/A |
| 10 years average annual | 6.82% | N/A |
| Weekly media advert. rent | $640 | N/A |
| Time on Market | 68.9 days | N/A |
| Gross Rental Yield Percent | 3.17% | N/A |
Millennials aren’t all that interested in building a property portfolio, according to new research. ...
There are eight areas that “are about to blow up”, thanks to the advent of the federal government’s HomeBuilder grant, according to a ...
Almost half of all apartments in Australia are rented out, according to a new report which shines a comprehensive light on the types of peop...
While pausing mortgage repayments may be tempting for those struggling with payments, it may be best to explore other options first to avoid...
New data from the Real Estate Institute of Western Australia has revealed that June saw the biggest month of sales in Perth since 2015. ...
The 1 July release of 10,000 new guarantees under the First Home Loan Deposit Scheme is expected to be well received for those looking to ...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
