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 ...
BROOKVALE, 2100 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in NSW have risen as a whole, pulling BROOKVALE, 2100 values up and netting property investors a capital gain of 33.33% for the past year.
Investors saw the median home price rise to $1,520,000.
BROOKVALE now ranks at the 167th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in BROOKVALE are high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $750 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In BROOKVALE, homes and units usually stay on listing for an average of 0.0 days.
In 2016, 12 properties were sold in BROOKVALE during the past year, making it the 1265th most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,520,000 | $840,000 |
| GROWTH REPORT | ||
| Median Quarterly | 7.04% | 7.01% |
| Median 12 month | 33.33% | 15.86% |
| Median 3 years | N/A | 19.15% |
| Median 5 years | 29.91% | 48.61% |
| 10 years average annual | 13% | 5.9% |
| Weekly media advert. rent | $750 | $550 |
| Time on Market | 0.0 days | 43.2 days |
| Gross Rental Yield Percent | 2.57% | 3.4% |
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