Property News You Need To Know: The Week Ending 19 September
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Property investors have seen a 2.8% gain in DUNDAS based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains DUNDAS, 2117 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 $1,285,000
Profits averaged 0.93% per annum over a 3-year period, due to an upward trend in home prices in DUNDAS, 2117.
This means, real estate investors could earn a rental income of $530 based on current median home prices for the suburb.
The gross rental yield in DUNDAS, 2117 is 2.14%.
An average of 5.67 real estate transactions take place per month in DUNDAS which translates to 68 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||7.08%||9.61%|
|Median 3 years||2.8%||9.45%|
|Median 5 years||16.82%||6.57%|
|10 years average annual||7.47%||4.4%|
|Weekly media advert. rent||$530||$420|
|Time on Market||33.4 days||57.1 days|
|Gross Rental Yield Percent||2.14%||2.99%|