Property investors could wear cost of changes to mortgage broker regulation
Experts fear that property investors will absorb the cost of changes to how mortgage brokers are paid and regulated, as both sides of govern...
A steady increase in median property prices over a five-year period in the suburb translates to a 32.4% capital gain.
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 $1,655,000.
Profits due to an upward trend in home prices there averaged 10.8% per annum over a 3-year period.
Home owners selling their properties and realtors in WEST RYDE usually have to wait an average of 61.0 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $650 mark, reflecting a 2.04% increase in returns based on the current median price in WEST RYDE.
WEST RYDE, 2114 places 788th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,655,000 | $650,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.9% | -3.7% |
| Median 12 month | -0.9% | -9.72% |
| Median 3 years | 32.4% | 2.36% |
| Median 5 years | 93.57% | 42.86% |
| 10 years average annual | 10.31% | 7.37% |
| Weekly media advert. rent | $650 | $450 |
| Time on Market | 61.0 days | 31.5 days |
| Gross Rental Yield Percent | 2.04% | 3.6% |
Experts fear that property investors will absorb the cost of changes to how mortgage brokers are paid and regulated, as both sides of govern...
Following months of questions, the final report into Sydney’s Opal Tower has been released by the NSW government, and while those with pro...
An updated set of data has revealed a divide in Sydney that is determining how much Sydney property owners are paying for tradies. ...
The last five years has seen an emergence of technology in property management that has totally transformed the landscape of how this area...
Regulatory interventions have significantly affected the movements of the property market in 2018 and, moving forward, one expert believes t...
In an environment where the biggest issue can be an overload of too much contradicting information, how do you figure out what is accurate a...