‘Zero spread’ opens up property-buying opportunities
Property investment is set to gather pace as first home buyers and investors alike are tempted into a “zero spread” environment, thanks ...
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 $1,206,000.
The downward trend in home prices in WESTLEIGH, 2120 averaged -0.78% per annum over a 3-year period.
Average weekly rents on listings have reached the $750 mark, reflecting a 3.23% increase in returns based on the current median price in WESTLEIGH.
An average of 5.17 real estate transactions take place per month in WESTLEIGH which translates to 62 per annum.
62 properties were sold in WESTLEIGH in 2016, making it the 227th most active market in NSW based on total real estate transactions.
WESTLEIGH, 2120 places 563rd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,206,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -1.55% | N/A |
| Median 12 month | -7.23% | N/A |
| Median 3 years | -2.35% | N/A |
| Median 5 years | 34% | N/A |
| 10 years average annual | 6.46% | N/A |
| Weekly media advert. rent | $750 | N/A |
| Time on Market | 75.5 days | N/A |
| Gross Rental Yield Percent | 3.23% | N/A |
Property investment is set to gather pace as first home buyers and investors alike are tempted into a “zero spread” environment, thanks ...
Investors and property managers should be vigilant about ensuring backyard swimming pools are secure, after new research revealed the danger...
If you’re looking to invest in Brisbane, there are five suburbs set to guarantee a good return, according to local economist. ...
Ever been in a debate with a tenant? Here’s how your agent can help. ...
First home buyers will find it easier to jump on the property ladder with the passage of new legislation through Parliament last week. ...
New data released from Domain has revealed that the cost of renting in Sydney is much lower than it was five years ago, improving renters’...
Get notifications in real-time for staying up to date with content that matters to you.