Rental moratorium extension to create ‘perfect storm’ for mum and dad investors
The NSW government’s decision to extend its rental moratorium has been hit with criticism, with flow-on effects set to severely impact mum...
Also in BROOKLYN, the median home price is sitting at $855,000, and the average rent at $535, this suggests property owners could potentially earn a 3.25% increase in gross rental yield.
Property investors have seen a 1.18% gain in BROOKLYN based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 6.41% growth over a ten-year period. It ranks 785th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $855,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 1.18% | N/A |
| Median 12 month | N/A | N/A |
| Median 3 years | 0.88% | N/A |
| Median 5 years | 19.38% | N/A |
| 10 years average annual | 6.41% | N/A |
| Weekly media advert. rent | $535 | N/A |
| Time on Market | 86.2 days | N/A |
| Gross Rental Yield Percent | 3.25% | N/A |
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