Government urged to provide stimulus for building sector
As the nation recovers from the COVID-19 pandemic, property professionals urge the federal government to provide a stimulus package for the ...
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Property investors have seen a 2% gain in PENNANT HILLS based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains PENNANT HILLS, 2120 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 $1,350,000
Profits averaged -1.97% per annum over a 3-year period, due to an downward trend in home prices in PENNANT HILLS, 2120.
This means, real estate investors could earn a rental income of $705 based on current median home prices for the suburb.
The gross rental yield in PENNANT HILLS, 2120 is 2.72%.
An average of 6.17 real estate transactions take place per month in PENNANT HILLS which translates to 74 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,350,000 | $767,500 |
| GROWTH REPORT | ||
| Median Quarterly | 2% | -0.97% |
| Median 12 month | -1.64% | -16.12% |
| Median 3 years | -5.92% | 2.81% |
| Median 5 years | 32.52% | 45.77% |
| 10 years average annual | 6.92% | 8.65% |
| Weekly media advert. rent | $705 | $500 |
| Time on Market | 65.1 days | 93.0 days |
| Gross Rental Yield Percent | 2.72% | 3.39% |
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