Victorian land sales strong despite restrictions
COVID-19 restrictions have not stopped investors in Victorian land buyers, with new research confirming developer and government incentives ...
WESTLEIGH, 2120 ranks 392nd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 15.34% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The 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 $1,391,000.
The upward trend in home prices in WESTLEIGH, 2120 averaged 1.01% per annum over a 3-year period.
Average weekly rents on listings have reached the $750 mark, reflecting a 2.8% increase in returns based on the current median price in WESTLEIGH.
An average of 4.58 real estate transactions take place per month in WESTLEIGH which translates to 55 per annum.
55 properties were sold in WESTLEIGH in 2016, making it the 304th most active market in NSW based on total real estate transactions.
WESTLEIGH, 2120 places 145th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,391,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 6.18% | N/A |
| Median 12 month | 15.34% | N/A |
| Median 3 years | 3.04% | N/A |
| Median 5 years | 35.71% | N/A |
| 10 years average annual | 7.51% | N/A |
| Weekly media advert. rent | $750 | N/A |
| Time on Market | 41.1 days | N/A |
| Gross Rental Yield Percent | 2.8% | N/A |
COVID-19 restrictions have not stopped investors in Victorian land buyers, with new research confirming developer and government incentives ...
A real estate body has launched a public campaign targeting the Andrews government’s continued real estate restrictions, noting the immens...
Victoria’s COVID-19 restrictions have begun to lift as the rest of the country watches on: Here’s the biggest property stories from this...
As many know, the key to successful investing falls back to managing your finances. Here are some top tips on how to budget correctly. ...
Domain’s latest research has shone a spotlight on the suburbs seeing the strongest buyer demand. ...
New data has predicted the volume of auctions set to take place across Australia’s capital cities for the week concluding 20 September, w...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
Copyright © 2020 Smart Property Investment