‘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 -3.55% drop in PENNANT HILLS based on a decrease 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 $1,360,000
Profits averaged 1.95% per annum over a 3-year period, due to an upward trend in home prices in PENNANT HILLS, 2120.
This means, real estate investors could earn a rental income of $700 based on current median home prices for the suburb.
The gross rental yield in PENNANT HILLS, 2120 is 2.68%.
An average of 7.83 real estate transactions take place per month in PENNANT HILLS which translates to 94 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,360,000 | $797,500 |
| GROWTH REPORT | ||
| Median Quarterly | -3.55% | 16.85% |
| Median 12 month | -13.38% | 17.28% |
| Median 3 years | 5.84% | 23.64% |
| Median 5 years | 51.11% | 75.08% |
| 10 years average annual | 7.7% | 8.84% |
| Weekly media advert. rent | $700 | $492.5 |
| Time on Market | 66.9 days | 76.0 days |
| Gross Rental Yield Percent | 2.68% | 3.21% |
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