Property Investors Locking-in Their Gains While Rental Yields Are ‘historically’ High
Data suggests that investors are moving to consolidate their profits while they can. ...
Property investors enjoyed capital gains of 12.5% over the last 12 months in THORNLEIGH, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 7.25% growth over a ten-year period. It ranks 559th on our list of suburbs that property investors should look into.
THORNLEIGH, 2120 has a capital gain of 12.5% for the past year, which is higher than average compared to its 13.11% growth within a five-year period.
With the median home price in THORNLEIGH sitting at $1,350,000, and the average rent at $620, property owners could potentially earn a 2.39% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in THORNLEIGH are high, as opposed to average gains per annum over the past five years.
THORNLEIGH, 2120 in NSW belongs to the local government area of Hornsby (A).
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||12.5%||4.21%|
|Median 3 years||1.89%||4.6%|
|Median 5 years||13.11%||-1.71%|
|10 years average annual||7.25%||2.97%|
|Weekly media advert. rent||$620||$490|
|Time on Market||31.6 days||49.8 days|
|Gross Rental Yield Percent||2.39%||3.17%|