‘Devil’s in the details’: Senators scrutinise FHB scheme
A Coalition MP has revealed that the 10,000-loan cap for the government’s FHB scheme was designed to appease LMI providers, in the heat of...
Property investors have seen a -7.21% drop in CROMER based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains CROMER, 2099 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 $1,435,000
Profits averaged 3.46% per annum over a 3-year period, due to an upward trend in home prices in CROMER, 2099.
This means, real estate investors could earn a rental income of $850 based on current median home prices for the suburb.
The gross rental yield in CROMER, 2099 is 3.08%.
An average of 9.58 real estate transactions take place per month in CROMER which translates to 115 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,435,000 | $810,000 |
| GROWTH REPORT | ||
| Median Quarterly | -7.21% | -4.03% |
| Median 12 month | -11.53% | 10.66% |
| Median 3 years | 10.38% | 11.84% |
| Median 5 years | 57.52% | 78.02% |
| 10 years average annual | 7.22% | 7.34% |
| Weekly media advert. rent | $850 | $510 |
| Time on Market | 71.0 days | 0.0 days |
| Gross Rental Yield Percent | 3.08% | 3.27% |
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