Property to regain momentum following health crisis
Strong property price growth before the outbreak of COVID-19 gives investors a snapshot of what market conditions will be like once the pand...
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Property investors have seen a 3.05% 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 $1,453,000
Profits averaged -1.04% per annum over a 3-year period, due to an downward trend in home prices in BELROSE, 2085.
This means, real estate investors could earn a rental income of $985 based on current median home prices for the suburb.
The gross rental yield in BELROSE, 2085 is 3.53%.
An average of 6.25 real estate transactions take place per month in BELROSE which translates to 75 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,453,000 | $522,500 |
| GROWTH REPORT | ||
| Median Quarterly | 3.05% | 4.5% |
| Median 12 month | -4.56% | 8.29% |
| Median 3 years | -3.13% | 22.94% |
| Median 5 years | 19.34% | 22.22% |
| 10 years average annual | 5.99% | 2.16% |
| Weekly media advert. rent | $985 | $455 |
| Time on Market | 93.0 days | 176.0 days |
| Gross Rental Yield Percent | 3.53% | 4.53% |
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