Sydney and Melbourne wobble as COVID-19 sets in
Investors in Australia’s two largest cities are starting to see the impact of COVID-19, with up to a third of owners selling for less, new...
Property investors enjoyed capital gains of 5.2% over the last 12 months in BALGOWLAH, translating to lower returns compared with its peers in NSW.
Figures from the previous quarter show that capital gains for real estate buyers in BALGOWLAH are low, as opposed to average gains per annum over the past five years.
The suburb posted a 18.05% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $1100 based on current median home prices for the suburb.
On average, rents on listings have reached the $1100 mark, reflecting a 2.54% increase in returns based on the current median price in BALGOWLAH.
BALGOWLAH, 2093 ranks 350th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 952nd on the list of best yielding suburbs for rental properties in NSW, posting a 2.54% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $2,250,000 | $1,212,500 |
| GROWTH REPORT | ||
| Median Quarterly | 6.01% | 13.85% |
| Median 12 month | 5.2% | 11.75% |
| Median 3 years | 18.05% | 20.89% |
| Median 5 years | 49.01% | 53% |
| 10 years average annual | 6.67% | 7.37% |
| Weekly media advert. rent | $1100 | $625 |
| Time on Market | 60.7 days | 65.5 days |
| Gross Rental Yield Percent | 2.54% | 2.68% |
Investors in Australia’s two largest cities are starting to see the impact of COVID-19, with up to a third of owners selling for less, new...
In good news for tenants, but far less so for landlords, COVID-19 is continuing to wreak havoc on vacancy rates in some of Sydney’s long-s...
With the recent revelation that Millennials believe the COVID-19 crisis has made their goals of property ownership more likely to be realise...
Perth metropolitan households are set to see a $100 rebate on the cost of fixing leaky taps as the state works to better conserve water. ...
Home loan customers looking for a better interest rate can benefit from the intense battle for business between the nation’s lenders, acco...
Unit rental yields have had their biggest drop in more than 15 years, with COVID-19 seeing landlords reduce rates, according to latest resea...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
