Rental listings fall to 8-year low
Rental listings in Perth have dropped to an eight-year low as consumers swoop in on empty stock, new research has revealed. ...
Property investors have seen a 3.6% gain in PENNANT HILLS based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on PENNANT HILLS, 2120 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 10.98%.
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 $1,440,000
Profits averaged -1.33% 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 $650 based on current median home prices for the suburb.
The gross rental yield in PENNANT HILLS, 2120 is 2.35%.
An average of 5.75 real estate transactions take place per month in PENNANT HILLS which translates to 69 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,440,000 | $728,000 |
| GROWTH REPORT | ||
| Median Quarterly | 3.6% | -2.28% |
| Median 12 month | 10.98% | -15.15% |
| Median 3 years | -4% | 1.82% |
| Median 5 years | 22.03% | 27.5% |
| 10 years average annual | 7.07% | 6.81% |
| Weekly media advert. rent | $650 | $400 |
| Time on Market | 52.0 days | 78.6 days |
| Gross Rental Yield Percent | 2.35% | 2.86% |
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