Unit rentals break 15-year record
Unit rental yields have had their biggest drop in more than 15 years, with COVID-19 seeing landlords reduce rates, according to latest resea...
Property investors have seen a 7.17% gain in BELROSE based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains BELROSE, 2085 saw average growth in the long term.
The NSW suburb also 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 $1,570,000
Profits averaged 0.58% per annum over a 3-year period, due to an upward trend in home prices in BELROSE, 2085.
This means, real estate investors could earn a rental income of $970 based on current median home prices for the suburb.
The gross rental yield in BELROSE, 2085 is 3.21%.
An average of 6.67 real estate transactions take place per month in BELROSE which translates to 80 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,570,000 | $600,000 |
| GROWTH REPORT | ||
| Median Quarterly | 7.17% | 14.83% |
| Median 12 month | 5.72% | 28% |
| Median 3 years | 1.75% | 33.33% |
| Median 5 years | 28.16% | 46.34% |
| 10 years average annual | 6.7% | 5.05% |
| Weekly media advert. rent | $970 | $400 |
| Time on Market | 63.4 days | 0.0 days |
| Gross Rental Yield Percent | 3.21% | 3.47% |
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