How property investors can avoid costing themselves thousands
Ahead of the 31 October deadline for lodging tax returns, property investors are being warned to not leave thousands of dollars in the ...
FAIRLIGHT, 2094 ranks 1168th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 8.18% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The 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 $2,380,000.
The upward trend in home prices in FAIRLIGHT, 2094 averaged 2.73% per annum over a 3-year period.
Average weekly rents on listings have reached the $1240 mark, reflecting a 2.71% increase in returns based on the current median price in FAIRLIGHT.
An average of 4.17 real estate transactions take place per month in FAIRLIGHT which translates to 50 per annum.
50 properties were sold in FAIRLIGHT in 2016, making it the 364th most active market in NSW based on total real estate transactions.
FAIRLIGHT, 2094 places 427th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $2,380,000 | $1,400,000 |
| GROWTH REPORT | ||
| Median Quarterly | 3.03% | 3.32% |
| Median 12 month | 8.18% | 18.14% |
| Median 3 years | 8.18% | 3.7% |
| Median 5 years | 37.97% | 56.42% |
| 10 years average annual | 6.77% | 7.52% |
| Weekly media advert. rent | $1240 | $700 |
| Time on Market | 55.9 days | 49.4 days |
| Gross Rental Yield Percent | 2.71% | 2.6% |
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